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Coherent Analysts Increase Their Forecasts After Upbeat Earnings

Coherent Corp. (NYSE:COHR) reported upbeat earnings for its fourth quarter on Thursday. Coherent reported quarterly earnings of 61 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $1.314 billion which beat the analyst consensus estimate of $1.276 billion. Jim Anderson, CEO, said, “After meeting with many of our employees and customers, I am more excited today about Coherent’s potential than when I joined two months ago. Coherent is a deeply innovative company with many secular growth opportunities. While we have many strengths, we also have opportunity for improvement, ...