1.17% +1.105

IPG Photonics Corp (IPGP)

Overview News Price History Option Chain Financials Why IPGP Down? Discussions Forecast Dividend History

Why is IPG Photonics Corp (IPGP) Stock down?

We've noticed a 5.19% decline in IPG Photonics Corp (IPGP) stock during the 2024-04-30 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

30 Oct, 2023:

IPG Photonics Corporation Stock (IPGP) dropped by 5.04% from $88.15 to $83.71 in the trading on Monday October 30, 2023. The reason why IPGP stock down today is due to the concerns of investors ahead the earnings results. IPG Photonics will be reporting third-quarter results tomorrow, October 31. Analysts are expecting IPG Photonics's revenue to decline 10.1% Y/Y to $313.9 million, adjusted earnings to come in at $1.04 per share. What concerns the investors is that the last quarter was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts' revenue estimates. Investors are worried about the same performance in this quarter.

01 Aug, 2023:

IPG Photonics Corporation's shares fell 17.57% after the company reported worse-than-expected results for the second quarter. It received revenues of $340 million, decreasing by 9.8% on a year-over-year basis and lagging the consensus mark by 1.04%.

https://www.zacks.com/stock/news/2130629/ipg-photonics-ipgp-q2-earnings-beat-revenues-decrease-yy