Aug. 5 at 3:36 PM
$IPGP posts Q2 earnings beat, but what about the YoY drop? 📉
EPS of 30 cents beat the Zacks Consensus by 20 cents, yet plunged 42% YoY. While revenues fell 3% YoY, they still surpassed estimates by 11.88%. Emerging growth products accounted for 54% of revenues, up from 51% in the previous quarter.
Find out if IPGP can maintain momentum despite challenges 👉 https://www.zacks.com/stock/news/2668537/ipg-photonics-q2-earnings-beat-estimates-revenues-decline-yy?cid=sm-stocktwits-2-2668537-body-6042&ADID=SYND_STOCKTWITS_TWEET_2_2668537_BODY_6042