OXFORD, Mass. (AP) _ IPG Photonics Corp. (IPGP) on Tuesday reported fourth-quarter net income of $49.3 million, after reporting a loss in the same period a year earlier.

The Oxford, Massachusetts-based company said it had profit of 92 cents per share. Earnings, adjusted for non-recurring costs, were $1.19 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The high-powered laser maker posted revenue of $336.6 million in the period.

For the year, the company reported profit of $159.6 million, or $2.97 per share. Revenue was reported as $1.2 billion.

For the current quarter ending in April, IPG said it expects revenue in the range of $310 million to $340 million. Analysts surveyed by Zacks had expected revenue of $305.6 million.

IPG shares have increased 13% since the beginning of the year. The stock has increased 69% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPGP at https://www.zacks.com/ap/IPGP

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