Coherent, Inc. Reports Fourth Fiscal Quarter and Year-End Results
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Coherent (COHR) PT Lowered to $162 at Barclays
November 7, 2018 7:57 AM ESTBarclays analyst Joseph Wolf lowered the price target on Coherent (NASDAQ: COHR) to $162.00 (from $170.00) while maintaining a Overweight rating.
Following COHRs pre-announcement on October 22 there were few surprises in F4Q18 relative to Barclays' downward-revised estimates, apart from incremental detail on the previously disclosed execution issues.
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Coherent, Inc. (COHR) Tops Q4 EPS by 26c
November 6, 2018 4:05 PM ESTCoherent, Inc. (NASDAQ: COHR) reported Q4 EPS of $3.22, $0.26 better than the analyst estimate of $2.96. Revenue for the quarter came in at $461.5 million versus the consensus estimate of $462.24 million.
"Our fourth fiscal quarter was affected by two significant events that evolved in the second half of the quarter: execution issues at one of our German sites... More
