Benzinga | Aug 4, 2020 08:29AM EDT

IPG Photonics Q2 EPS $0.71 Beats $0.60 Estimate, Sales $296.41M Beat $282.24M Estimate

IPG Photonics (NASDAQ:IPGP) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.60 by 18.33 percent. This is a 47.01 percent decrease over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $296.41 million which beat the analyst consensus estimate of $282.24 million by 5.02 percent. This is a 18.52 percent decrease over sales of $363.77 million the same period last year.