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IPG Photonics Guides Q2 In Line; Promotes COO Eugene Scherbakov To CEO WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Tuesday, IPG Photonics Corp. (IPGP) provided earnings and revenue guidance for the second quarter. The company also announced CEO transition. For the second quarter, the company expects earnings in a range of $1.20 to $1.50 per share on revenues between $360 million and $390 million. On average, 11 analysts polled by Thomson Reuters expect the company to report earnings of $1.36 per share on revenues of $364.21 million for the quarter. Analysts estimates typically exclude special items. Separately, the company announced that Eugene Scherbakov, currently Chief Operating Officer, will succeed Valentin Gapontsev as Chief Executive Officer, effective immediately. Meanwhile, Gapontsev, current CEO and Chairman of the Board, will transition to Executive Chairman of the Board and remain active with involvement in directing research and

United statesEugene scherbakovPhotonics corpThomson reutersChief operating officerValentin gapontsevChief executive officerExecutive chairmanManaging directorSenior vice president europeஒன்றுபட்டது மாநிலங்களில்ஃபோட்டானிக்ஸ் கார்ப்தாம்சன் ராய்ட்டர்ஸ்தலைமை இயங்குகிறது அதிகாரிதலைமை நிர்வாகி அதிகாரிநிர்வாகி தலைவர்