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.
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