IPG Photonics Corporation reported a decrease in earnings for the second quarter, with earnings of $6.605 million or $0.16 per share, beating Street estimates. Adjusted earnings were $12.930 million or $0.30 per share, surpassing analysts’ expectations of $0.08 per share. Revenue fell 2.7% to $250.721 million. For the third quarter, the company expects adjusted earnings per share of $0.05 to $0.35 and revenue of $225 million to $255 million, in line with analysts’ forecasts. IPGP stock was up 9.44% in pre-market trading on the Nasdaq.

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