Coherent Q2 Adj EPS $0.36 Beats $0.26 Estimate, Sales $1.13B Beat $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coherent (NASDAQ:COHR) reported Q2 adjusted EPS of $0.36, surpassing the $0.26 estimate, and sales of $1.13B, exceeding the $1.12B estimate. This represents a 62.11% decrease in earnings and a 17.45% decrease in sales from the same period last year.
February 05, 2024 | 10:39 pm
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Coherent reported a Q2 adjusted EPS of $0.36, beating estimates, and sales of $1.13B, also above expectations. However, there's a significant decrease in both earnings and sales compared to last year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decreases in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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