WASHINGTON (dpa-AFX) - IPG Photonics Corporation (IPGP) announced a profit for fourth quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $7.82 million, or $0.18 per share. This compares with $41.43 million, or $0.89 per share, last year.
Analysts on average had expected the company to earn $0.20 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 21.6% to $234.337 million from $298.893 million last year.
IPG Photonics Corporation earnings at a glance (GAAP) :
-Earnings: $7.82 Mln. vs. $41.43 Mln. last year. -EPS: $0.18 vs. $0.89 last year. -Revenue: $234.337 Mln vs. $298.893 Mln last year.
-Guidance: Next quarter EPS guidance: $0.05 to $0.35 Next quarter revenue guidance: $210 to $240 Mln
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