IPG Photonics Corp. Stock Gained 15.1% in October -- Here's How

IPG Photonics Corp. Stock Gained 15.1% in October -- Here's How

Shares of IPG Photonics (NASDAQ: IPGP) rose 15.1% in October 2017, according to data from S&P Global Market Intelligence. The maker of lasers and fiber-optic components used to build optical networking systems and industrial manufacturing tools started rising on bullish analyst notes, then finished the job with an earnings-based 3% jump on the last day of October.

In the third quarter of 2017, IPG's top-line sales rose 48% year over year to $393 million. Further down the income statement, GAAP earnings increased by 64% to land at $2.11 per diluted share. Analysts would have settled for earnings of $1.82 per share on revenue near $366 million.

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Source: Fool.com