IPG Photonics' Results Go From Bad to Worse
There was a lot of uncertainty going into IPG Photonics' (NASDAQ: IPGP) fourth-quarter earnings report.
Over the past several quarters, the company has been hit hard by a one-two punch economic weakness and the recently ended trade war with China. Now, the outbreak of coronavirus is once again disrupting its business in China.
The ongoing uncertainty has punished IPG, which has lost nearly half its value since early 2018. Investors had hoped for some relief when IPG reported earnings, but those hopes quickly faded, driving the stock back down in the process.
Source Fool.com
