Coherent shares are trading lower after the company reported Q4 results and provided below-consensus Q1 and FY24 outlook.
Portfolio Pulse from Benzinga Newsdesk
Coherent Inc. reported Q4 results and provided a below-consensus outlook for Q1 and FY24, leading to a decrease in its share price.
August 16, 2023 | 10:06 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Coherent's shares are trading lower after the company reported Q4 results and provided a below-consensus outlook for Q1 and FY24.
Coherent's lower than expected Q4 results and below-consensus outlook for Q1 and FY24 are likely to negatively impact investor sentiment and lead to a decrease in its share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100