IPG Photonics Stock Drops Despite Earnings Beat
Despite beating Q1 earnings estimates with $0.29 per share on sales of $265.5 million, IPG Photonics (NASDAQ: IPGP) stock fell by nearly 25% due to a decline in profitability and weaker-than-expected guidance for pro forma profit.
Tickers: $IPGP
Topics: IPG Photonics profitability decline Q1 earnings report stock crash