Coherent Analysts Boost Their Forecasts Following Better-Than-Expected Earnings

Coherent Corp. (NYSE:COHR) reported better-than-expected earnings for the first quarter on Wednesday.

The company posted quarterly earnings of 74 cents per share which beat the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $1.35 billion which beat the analyst consensus estimate of $1.31 billion.

Jim Anderson, CEO, said, “We delivered solid growth in the September quarter on both a sequential and year-over-year basis, driven primarily by our AI-related Datacom transceivers. We also drove higher gross margin and operating margin. I continue to be excited ...

Full story available on Benzinga.com