Why Coherent Shares Are Tumbling Today
Portfolio Pulse from Lekha Gupta
Coherent Corp's shares fell by around 20% after the company reported Q4 FY23 results and provided a below-consensus Q1 and FY24 outlook. Despite beating Q4 revenue and EPS consensus, the company's Q1 and FY24 outlook fell short of expectations, leading to the stock price drop.
August 16, 2023 | 11:45 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Coherent Corp's stock price fell by around 20% due to a below-consensus Q1 and FY24 outlook, despite beating Q4 expectations.
Coherent Corp's Q4 results beat expectations, but the company's Q1 and FY24 outlook fell short of consensus estimates. This negative outlook led to a significant drop in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100