Coherent Q1 2024 Adj EPS $0.16, Inline, Sales $1.05B Miss $1.07B Estimate
Portfolio Pulse from totan@benzinga.com
Coherent (NASDAQ:COHR) reported Q1 2024 earnings of $0.16 per share, in line with analyst estimates, but a decrease of 84.62% from the same period last year. Quarterly sales were $1.05 billion, missing the analyst consensus estimate of $1.07 billion by 1.59%, and a decrease of 21.71% from the same period last year.
November 06, 2023 | 9:19 pm
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Coherent's Q1 2024 earnings met expectations but sales missed estimates and both showed significant decreases from the same period last year.
Coherent's earnings were in line with estimates, which is generally positive. However, the company's sales missed estimates and both earnings and sales decreased significantly from the same period last year. This could negatively impact investor sentiment and the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100