By Nicholas G. Miller
Shares of IPG Photonics fell after the company reported first-quarter earnings below Wall Street's expectations.
The stock slid 15% to $104.50. Through Monday's close, it was up 71% so far this year.
The company posted net income of $1.6 million, or 4 cents a share, down from $3.8 million, or 9 cents a share, the year prior. Analysts polled by FactSet expected 27 cents a share.
Gross margin fell to 37.5% from 39.4%, which the company attributed to tariffs and higher product cost.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
May 05, 2026 08:40 ET (12:40 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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