UK engineering group Renishaw has issued its second profit warning in two months, after lower customer orders hit sales.
It announced a fall in profits for the last nine months of 18.4%, down from £97.6m to £79.6m.
It said: "Adjusted profit before tax is now expected to be in the range of £105m to £120m."
In March it cut its profit forecast to between £111m to £135m.
"We continue to focus on increasing productivity and on-going investment in the business for the long term."