IPG Photonics Corporation (NASDAQ: IPGP)
Hagens Berman Sobol Shapiro LLP alerts investors in IPG Photonics Corporation (NASDAQ: IPGP) to the firm's investigation into possible disclosure violations.
If you purchased or otherwise acquired securities of IPGP between May 1, 2018 and July 31, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing IPGP@hbsslaw.com.
On July 31, 2018, IPG Photonics announced its financial results for the second quarter ended June 30, 2018. The Company reportedly (1) missed Q2 estimates for earnings per share and revenue; (2) provided downside Q3 guidance; and (3) disclosed its order flow for the quarter was below target due to softening demand in Europe and China.
This news drove the price of IPG Photonics shares down $60.26, or almost 27%, to close at $164.04.
“We’re focused on investors’ losses and management’s historical statements about the Company’s business in Europe and China,” said Hagens Berman partner Reed Kathrein.
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