IPG Photonics (IPGP) has reported earnings of 29 cents per share in the third quarter of 2024, beating the Zacks Consensus Estimate by 70.59%. The company had registered earnings of $1.16 in the year-ago quarter. Revenues of $233.1 million declined 23% on a year-over-year basis but beat the consensus mark by 3.69%. Foreign exchange had no significant impact on revenues for the reported quarter. The year-over-year decline in revenues primarily resulted from lower demand in the general industrial and emobilit ...