Coherent, Inc. (COHR) Tops Q4 EPS by 21c, Revenues Beat

Coherent, Inc. (NASDAQ: COHR) reported Q4 EPS of $1.01, $0.21 better than the analyst estimate of $0.80. Revenue for the quarter came in at $316.8 million versus the consensus estimate of $309.64 million.

"Our Q4 financial results demonstrated early progress in our good to great transformation. We grew bookings and revenue from Q3, and with many of the university and research facilities re-opening, the Scientific and OEM instrumentation markets were the key drivers in the quarter. Our focus on operational excellence and maintaining a strong balance sheet manifested itself in improved sequential margins and strong growth in our fiscal year end cash balance," said Andy Mattes, Coherent President and CEO. "I've now passed the six-month mark with the company and I continue to be energized by the number of opportunities in innovative markets like microelectronics, instrumentation, precision manufacturing, and aerospace & defense."

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

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