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IPG loses $3B in value Tuesday morning

Oxford laser manufacturer IPG Photonics saw the values of its shares drop 27 percent on Tuesday morning, eroding $3 billion of its total valuation in a few hours. 
IPG's price per share was trading at about $163.50 at 11:15 a.m. Tuesday, a drop from its Monday closing price of $224.30 and its lowest level since August. 
The loss in value came after IPG reported a second quarter profit increase of 17 per ...

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