IPG Photonics (IPGP) reported Q4 earnings Tuesday of $0.18 per diluted share, down from $0.89 a year earlier.

Analysts polled by FactSet expected $0.21.

Revenue for the quarter ended Dec. 31 was $234.3 million, down from $298.9 million a year earlier.

Analysts surveyed by FactSet expected $229.1 million.

For Q1, the industrial laser company said it expects adjusted diluted EPS of $0.05 to $0.35 on revenue of $210 million to $240 million.

Analysts polled by FactSet expect non-GAAP EPS of $0.35 on revenue of $234.4 million.

Shares of the company were up more than 5% in recent premarket activity.