IPG Photonics (NASDAQ:IPGP) reported Q2 EPS of $1.10, $0.07 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $3.75 billion versus the consensus estimate of $373.97 million.
Company Announces New $300 million Stock Repurchase Program After Completing $312 million of Repurchases in the First Half of 2022
GUIDANCE:
IPG Photonics sees Q3 2022 EPS of $1.00-$1.30, versus the consensus of $1.18. IPG Photonics sees Q3 2022 revenue of $350-380 million, versus the consensus of $381.81 million.