IPG Photonics Reports Mixed Q4 Results, Misses Earnings Estimates

IPG Photonics Corp. (IPGP) announced its fourth-quarter financial results on Tuesday, revealing a net income of $7.8 million or 18 cents per share.

Earnings:

* Reported earnings of 18 cents per share, below the consensus estimate of 20 cents.

Revenue:

* Revenue of $234.3 million, exceeding analysts' forecasts of $226.9 million.

Annual Performance:

* Annual revenue of $977.1 million.
* Net loss of $181.5 million, or $4.09 per share.

Outlook:

* For the current quarter (ending in March), IPG anticipates per-share earnings in the range of 5 cents to 35 cents.
* Projected revenue for Q1 is estimated to be between $210 million and $240 million.