Lpkf Slides After Weaker 9: month results
BUZZ-LPKF slides after weaker 9-month results ** Shares in LPKF Laser & Electronics LPKG.DE drop around 6%, after the laser equipment maker reported nine-month results below the prior year level
** Its 9-month revenue decreased by 28% to €60.3 million ($67.22 million), while its operating loss widened to €12.8 million, compared with a loss of €3.3 million a year ago
** "Business performance is falling short of our expectations. In particular, outstanding solar orders and delays in Advanced Packaging are weighing on the current year," CEO Klaus Fiedler said in a press release
** However, the company maintained its full-year guidance
** Shares are on track for their worst day since July, if the losses hold
** Despite today's decline, the stock is still up 96% year-to-date, including Thursday's losses
($1 = 0.8971 euros)
(Reporting by Isabela Kruczynska)