Why IPG Photonics Stock Surged 17.5% Today
IPG Photonics (NASDAQ: IPGP) stock blew away analyst estimates in its Q1 2020 earnings report this morning -- and its stock is up 17.5% as of 12:20 p.m. EDT.
The Oxford, Massechusetts-based fiber laser maker reported earnings of $0.68 per diluted share for its fiscal first quarter on sales of $249.2 million -- both numbers well ahead of Wall Street's consensus, which had predicted IPG would earn only $0.19 per share on sales of $237.7 million.
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Source Fool.com
