IPG Photonics Q3 Profit Up 30% - Quick Facts

(RTTNews) - Oxford, Massachusetts-based Industrial laser maker IPG Photonics Corp.'s (IPGP) third-quarter 2014 net profit attributable to the company climbed 30 percent to $55.2 million or $1.05 a share from $42.3 million or $0.81 a share last year. On average, 10 analysts polled by Thomson Reuters expected earnings of $0.97 a share for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenue went up by 16 percent year-over-year to $199.7 million from $172.2 million, while nine analysts had a consensus revenue estimate of $201.01 million for the quarter.

Looking ahead, IPG Photonics sees revenue in the range of $190 million - $205 million for the fourth quarter of 2014. It also expects earnings per share in the range of $0.86 - $1.01 based on around 52.79 million diluted common shares, that includes 52.09 million basic common shares outstanding and 704,000 potentially dilutive options at September 30, 2014. Analysts project fourth-quarter earnings of $0.90 a share on revenue of $192.42 million.