IPG Photonics' Q1 Earnings Beat Estimates, Revenues Decline Y/Y

IPG Photonics (IPGP) reported first-quarter 2025 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate by 47.62% but plunged 38% year over year.Revenues of $227.8 million declined 10% on a year-over-year basis but beat the consensus mark by 2.99%. Unfavorable forex hurt revenue growth by 2%. The year-over-year decline was primarily due to lower Materials processing sales.Emerging growth product sales accounted for 51% of revenues, which improved 48% sequentially.  IPGP’s Q1 Quarte ...