08:29 AM EDT, 05/06/2025 (MT Newswires) -- 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