Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

LPKF slides after weaker 9-month results

By Reuters News

** Shares in LPKF Laser & Electronics LPKG.DE drop around 6%, after the laser equipment maker reported nine-month results below the prior year level

** Its 9-month revenue decreased by 28% to €60.3 million ($67.22 million), while its operating loss widened to €12.8 million, compared with a loss of €3.3 million a year ago

** "Business performance is falling short of our expectations. In particular, outstanding solar orders and delays in Advanced Packaging are weighing on the current year," CEO Klaus Fiedler said in a press release

** However, the company maintained its full-year guidance

** Shares are on track for their worst day since July, if the losses hold

** Despite today's decline, the stock is still up 96% year-to-date, including Thursday's losses

($1 = 0.8971 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.