Benzinga | Aug 3, 2021 08:19AM EDT

IPG Photonics Q2 EPS $1.29 Misses $1.40 Estimate, Sales $371.70M Miss $376.94M Estimate

IPG Photonics (NASDAQ:IPGP) reported quarterly earnings of $1.29 per share which missed the analyst consensus estimate of $1.40 by 7.86 percent. This is a 41.76 percent increase over earnings of $0.91 per share from the same period last year. The company reported quarterly sales of $371.70 million which missed the analyst consensus estimate of $376.94 million by 1.39 percent. This is a 25.40 percent increase over sales of $296.41 million the same period last year.