IPG Photonics Stock Plunges as Tariff Warning Overshadows Q1 Revenue Beat
Shares of IPG Photonics Corporation tumbled over 25% Tuesday, after the fiber-laser manufacturer posted stronger sales for the quarter but saw profits slip and flagged ongoing margin pressure from tariffs. The stock was recently changing hands at $87.38, off $34.96 from its previous close—a 29% plunge.