IPG’s revenue strong but misses estimates

IPG Photonics chief executive Valentin Gapontsev.

Essdras M Suarez/Globe Staff

IPG Photonics chief executive Valentin Gapontsev.

IPG Photonics Corp.’s fourth-quarter profit rose 12 percent as the Oxford company reported strong revenue growth, driven by high-power laser sales. Results, however, missed estimates. IPG reported fourth-quarter net income of $34.9 million or 67 cents per share, compared to $31.1 million or 64 cents last year. Analysts had expected 72 cents. Looking ahead, IPG expects revenue in the range of $145 million to $155 million for 2013’s first quarter.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of