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IPG Photonics Corp. (IPGP) Has Fallen To A New Low On Q3 Revenue Forecast


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(RTTNews.com) - IPG Photonics Corp. ( IPGP ) announced Friday morning that it now expects to report third quarter revenues of approximately $355 million to $356 million. The company previously expected to report revenues of $360 million to $390 million.

The company now expects to report third quarter EPS of $1.83 to $1.87 including a tax benefit of approximately $0.15. Prior guidance had been for EPS of $1.80 to $2.05.

IPG Photonics has gapped open sharply lower Friday morning and is now down 13.10 at $140.91 on above average volume. The stock has fallen to a new low for the year.


Read the original article on RTTNews (http://www.rttnews.com/2941300/ipg-photonics-corp-ipgp-has-fallen-to-a-new-low-on-q3-revenue-forecast.aspx)


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This article appears in: Stocks
Referenced Symbols: IPGP



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