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Laser-maker IPG Photonics loses a quarter of its value after earnings miss
Escalating trade tensions between the U.S. and other global economic powers have taken a bite out of the laser-maker's demand overseas. The fiber-laser company reported second-quarter earnings per share which were below a consensus estimate. The company reported second-quarter earnings per share at $2.21, below a $2.25 consensus estimate by Thomson Reuters, despite growing 16 percent year over year.
https://finance.yahoo.com/m/1a96ab2...5876/laser-maker-ipg-photonics.html?.tsrc=rss
Escalating trade tensions between the U.S. and other global economic powers have taken a bite out of the laser-maker's demand overseas. The fiber-laser company reported second-quarter earnings per share which were below a consensus estimate. The company reported second-quarter earnings per share at $2.21, below a $2.25 consensus estimate by Thomson Reuters, despite growing 16 percent year over year.
https://finance.yahoo.com/m/1a96ab2...5876/laser-maker-ipg-photonics.html?.tsrc=rss
