RTTNews | Aug 3, 2021 08:33AM EDT

08:33 Tuesday, August 3, 2021 (RTTNews.com) - IPG Photonics Corporation (IPGP) revealed earnings for its second quarter that increased from the same period last year.

The company's earnings totaled $69.8 million, or $1.29 per share. This compares with $38.2 million, or $0.71 per share, in last year's second quarter.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.4% to $371.7 million from $296.4 million last year.

IPG Photonics Corporation earnings at a glance:

-Earnings (Q2): $69.8 Mln. vs. $38.2 Mln. last year.-EPS (Q2): $1.29 vs. $0.71 last year.-Analysts Estimate: $1.40-Revenue (Q2): $371.7 Mln vs. $296.4 Mln last year.

-Guidance:Next quarter EPS guidance: $1.10 to $1.40Next quarter revenue guidance: $350 to $380 Mln

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