Benzinga | May 4, 2021 08:26AM EDT

IPG Photonics Q1 Adj. EPS $1.26 Beats $1.09 Estimate, Sales $345.58M Beat $327.64M Estimate; Sees Q2 EPS $1.20-$1.50 vs $1.36 Est., Sales $360M-$390M vs $364M Est.

IPG Photonics (NASDAQ:IPGP) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.09 by 15.6 percent. This is a 85.29 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $345.58 million which beat the analyst consensus estimate of $327.64 million by 5.48 percent. This is a 38.65 percent increase over sales of $249.24 million the same period last year.