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High-performance laser manufacturer IPG Photonics is maintaining a wide guidance range moving into the year’s final quarter, after reporting a total revenue beat (IPG reported $318 million in total revenue) for quarter three, with earnings per share (EPS) of 66 cents. The company announced fourth-quarter revenue projections (pre-market) in the range of $290 to $320 million and EPS estimates in the range of 70 cents to $1.05.
IPG CEO Valentin Gapontsev highlighted sequential growth in North American and European bookings in IPG’s earnings statement. The company reported record booking in North America for the quarter ending Sept. 30, Gapontsev said, aided by large-scale orders for advanced applications.