Coherent (COHR) Reports Q3: Everything You Need To Know Ahead Of Earnings

Coherent, a materials and photonics company, is set to announce its earnings results this Wednesday, following a mixed last quarter. Despite topping revenue expectations, Coherent missed earnings per share targets and had lower-than-expected forecasts for next quarter's revenue. Analysts predict Coherent's revenue will hit $1.53 billion, a nearly 14% growth year over year, with earnings expected to be around $1.04 per share. Coherent's competitors have shown mixed results, with Amphenol outperforming and TTM Technologies underperforming. Despite broader economic uncertainty, Coherent's shares have risen by around 15%, outperforming many of its peers. Investors and analysts are eagerly awaiting Coherent's latest numbers to see if the company can maintain its momentum.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.