( Forbes) Fiber lasers maker IPG Photonics Corporation had a pleasant surprise for investors on Thursday, announcing that the company expects to exceed its quarterly earnings and revenue guidance by a wide margin. The company now expects earnings of between 53 and 56 cents per share, which compares to previous guidance for earnings between 30 and 35 cents. In the same quarter last year, the company had earned 7 cents. Driving the results was a more than 80% year-over-year surge in revenue. Shares of IPG Photonics jumped 36% in early trading Thursday.Read full story >>>
