Coherent, Inc. (COHR) Tops Q3 EPS by 31c

Coherent, Inc. (NASDAQ: COHR) reported Q3 EPS of $0.52, $0.31 better than the analyst estimate of $0.21. Revenue for the quarter came in at $298.3 million versus the consensus estimate of $287.69 million.

"Our Q3 performance is encouraging, even though the current quarter was again impacted by COVID-19. We grew revenue sequentially, with Microelectronics more than overcompensating the headwinds in Material Processing and OEM components. Our focus on operational excellence and cash yielded promising initial results and positions us well for the quarters to come," said Andy Mattes, Coherent President and CEO. "Every day I learn more about the breadth and depth of our company and I am proud to see how our employees are meeting the challenges of a very difficult macro environment."

For earnings history and earnings-related data on Coherent, Inc. (COHR) click here.

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