Coherent, Inc. (COHR) Tops Q2 EPS by 11c; initiates 3Q & raises FY24 guidance

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Go back to Coherent, Inc. (COHR) Tops Q2 EPS by 11c; initiates 3Q & raises FY24 guidance

Coherent (COHR) leaps 10% on strong earnings and Q3 guidance

February 6, 2024 7:11 AM EST

Coherents (NASDAQ: COHR) shares popped nearly 10% in premarket trading Tuesday after the semiconductor company beat expectations for FQ2 earnings and revenue.

The firm posted second-quarter earnings per share (EPS) of $0.36, surpassing the consensus estimates of $0.25. Revenue came in at $1.13 billion, also ahead of... More