IPG Photonics down on weak Q1 forecast

IPG Photonics

15/02/2022 15:40

** Shares of laser maker  IPGP.O  down 9.5% at $132.60 in
early trading - set for their worst day in more than six months
    ** Stock also set for a fourth straight session of declines
    ** IPGP expects Q1 revenue between $320 mln and $350 mln,
compared with estimates of $353.4 mln, according to Refinitiv
data  urn:newsml:reuters.com:*:nASA030SR
    ** Posts 8% rise in Q4 revenue to $364.5 mln, helped by
growth in Europe, North America and Japan
    ** Co forecast EPS in the range of 85 cents to $1.15 for Q1
    ** Stock had fallen ~23% last year

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))