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IPG Photonics' Earnings Slump Drags On

TheMotleyFool

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There was a lot of uncertainty going into IPG Photonics' (NASDAQ: IPGP) third-quarter earnings report. After notching all-time highs early last year, the company has been hit hard by economic weakness and the ongoing trade war with China. The difficult environment and continuing uncertainty have pummeled IPG, which has lost half its value, driving it into value stock territory.

The hard times continued for IPG Photonics into the third quarter, for even as hopes for an end to the trade war grow, macroeconomic conditions continued to exact a toll, and the stock fell 13% on Tuesday in the wake of the company's earnings release.

Image source: Getty Images.

Source Fool.com

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