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Lasers Are Cool But Their Stocks Can't Seem to Catch a Break

RF laser ct scan large lede
Photographer: baranozdemir/E+ via Getty Images

Laser stocks suffered another setback Friday when disappointing preliminary earnings from IPG Photonics Corp. sent the whole sector spinning.

IPG blamed a “challenging” geopolitical environment stoked by tariffs and the U.S. trade war with China. With IPG’s peers not scheduled to report quarterly results for weeks, uncertainty and weak share prices could stick around through the end of October.