Search
Menu
Deposition Sciences Inc. - Difficult Coatings - LB - 8/23

IPG Q1 Income Plummets 84%

Facebook X LinkedIn Email
OXFORD, Mass., May 6, 2009 -- High-power fiber laser maker IPG Photonics Corp. reported Tuesday that its net income for the first quarter of 2009 dropped 84 percent from the same quarter a year ago, to $1.3 million, and revenue decreased by 14 percent year-over-year. The news was worse than analysts had predicted and sent the company's stock on a double-digit slide Tuesday afternoon. The company said the revenue decline for the first quarter, which ended March 31, was primarily the result of lower sales of pulsed lasers for materials processing applications. The drop in net income was attributed primarily to first...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: May 2009
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    analystsearningsEmploymentfiber lasersfiber opticsfirst quarterincomeIPG Photonicsmaterials processingNews & FeaturesphotonicsQ1Q2revenuesecond quarterSharesstockValentin GapontsevWall Street

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.