India, May 5 -- Shares of IPG Photonics Corporation (IPGP) are falling about 24 percent in Tuesday morning trading after the company reported a decline in its first-quarter profit to $1.58 million, or $0.04 per share, from last year's $3.76 million, or $0.09 per share.
The company's stock is currently trading at $92.25, down 24.59 percent or $30.08, over the previous close of $122.33 on the Nasdaq. It has traded between $51.77 and $155.82 in the past year.
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