MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — IPG Photonics Corp. (IPGP) on Tuesday reported a loss of $233.6 million in its third quarter.
The Marlborough, Massachusetts-based company said it had a loss of $5.33 per share. Earnings, adjusted for one-time gains and costs, came to 29 cents per share.
The high-powered laser maker posted revenue of $233.1 million in the period.
For the current quarter ending in December, IPG expects its per-share earnings to range from 5 cents to 35 cents.
The company said it expects revenue in the range of $210 million to $240 million for the fiscal fourth quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPGP at https://www.zacks.com/ap/IPGP
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.