Investors are celebrating because the results from the industrial laser maker were far better than expected.
News & Analysis: IPG Photonics
The maker of fiber lasers and related systems took some damage from the COVID-19 crisis, but the company still burned Wall Street's targets to a crisp.
IPGP earnings call for the period ending March 31, 2020.
Coronavirus, schmoronavirus! IPG just crushed on earnings.
Conflicting presidential policies combine to drive stocks down.
These high-quality stocks plunged on escalating COVID-19 worries on Wednesday.
The hits just keep coming for the industrial laser maker, with no relief in sight.
IPGP earnings call for the period ending December 30, 2019.
Networking stocks with exposure to the Chinese market took a beating in January as the coronavirus emerged.
The fiber laser manufacturer has missed Wall Street's earnings targets in six consecutive earnings reports.