Needham & Company Cuts Price Target on IPG Photonics (IPGP) Following 2Q Beat
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IPG Photonics Reports 8% Revenue Growth for Second Quarter 2016
July 28, 2016 8:00 AM EDT
Record Quarterly Revenues of $252.8 Million Driven by Strength in
Materials Processing and High Power Laser Sales
Company
Announces Anti-Dilutive Stock Repurchase Program
OXFORD, Mass.--(BUSINESS WIRE)-- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2016.
       ÂThree Months EndedJune 30,
Six Months EndedJune 30,
(In millions, except per share data) 2016 Â Â 2015 % Change 2016 Â Â 2015 % Change Revenue $ 252.8 $ 235.1 8 % $ 460.0 $ 434.1 6 % Gross margin 54.5 % 54.7 % 54.8 % 54.5 % Operating income... More