Shares of IPG Photonics Corporation (IPGP) are falling about 24 percent in Tuesday morning trading after the company reported a decline in its first-quarter profit to $1.58 million, or $0.04 per share, from last year's $3.76 million, or $0.09 per share.
The company's stock is currently trading at $92.25, down 24.59 percent or $30.08, over the previous close of $122.33 on the Nasdaq. It has traded between $51.77 and $155.82 in the past year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.