Coherent Q4 Adj. EPS $0.41 Beats $0.38 Estimate, Sales $1.21B Beat $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coherent (NASDAQ:COHR) reported Q4 adjusted earnings of $0.41 per share, beating the analyst consensus estimate of $0.38 by 7.89%. However, this is a 58.16% decrease from the same period last year. The company also reported quarterly sales of $1.21 billion, beating the analyst consensus estimate of $1.15 billion by 4.69%, a 35.85% increase from the same period last year.
August 16, 2023 | 9:48 am
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Coherent's Q4 earnings beat estimates but are down 58.16% YoY. Sales beat estimates and are up 35.85% YoY.
While Coherent beat analyst estimates for both earnings and sales, the significant YoY decrease in earnings could potentially offset the positive impact of beating estimates. The increase in sales YoY is a positive sign, but the overall impact on the stock price is uncertain in the short term.
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