IPG Photonics (IPGP) Q4 Earnings Lag, Revenues Top Estimates
Zacks Investment Research | Feb 12, 2019 08:16PM ET
IPG Photonics Corporation (NASDAQ:IPGP) reported fourth-quarter 2018 adjusted earnings of $1.40 per share, lagging the Zacks Consensus Estimate by 3 cents. Further, the bottom line decreased from the year-ago figure of $1.86 per share.
Revenues declined 9% from the year-ago quarter to $330.1 million. Foreign currency exchange impacted sales by roughly $2 million. Moreover, macroeconomic environment and geopolitical factors reduced demand in China which impacted fourth-quarter revenues. However, Genesis acquisition contributed $8.5 million in total revenues during the reported quarter. Further, the figure surpassed the Zacks Consensus Estimate of $314 million.
Materials processing declined 9% year over year, owing to weakness in 3D printing and metal cutting. Notably, it accounted for approximately 94% of total sales.
Nonetheless, revenues from other markets increased 5% year over year, primarily due to growth in communications, medical and government applications.
IPG Photonics Corporation Revenue (Quarterly)
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.