IPG Photonics (IPGP) reported Q1 adjusted earnings Tuesday of $0.31 per diluted share, down from $0.50 a year earlier.
Two analysts polled by FactSet expected $0.25.
Revenue for the quarter ended March 31 was $227.8 million, compared with $252 million a year earlier.
Analysts surveyed by FactSet expected $225 million.
For Q2, the company expects an adjusted loss of $0.05 to adjusted earnings of $0.25 per share. Analysts surveyed by FactSet expect adjusted EPS of $0.37.
Revenue for the quarter is projected to be $210 million to $240 million. Analysts surveyed by FactSet expect $239.9 million.
Shares of the company fell more than 7% in premarket activity.
Price: 58.40, Change: -4.73, Percent Change: -7.49
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