Coherent Expects Q3 Revenue Of $1.12B-$1.20B (Est. $1.17B), Adj. EPS of $0.32-$0.52 (Est. $0.38)
Portfolio Pulse from Benzinga Newsdesk
Coherent forecasts its Q3 revenue to be between $1.12B and $1.20B, with an estimated consensus of $1.17B. The company also projects its adjusted EPS to range from $0.32 to $0.52, against an estimated $0.38.
February 05, 2024 | 10:44 pm
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Coherent anticipates Q3 revenue to exceed expectations with a range of $1.12B-$1.20B and adjusted EPS of $0.32-$0.52, surpassing the estimated $0.38.
Coherent's projected Q3 revenue and adjusted EPS both surpass analyst estimates, indicating a positive outlook for the company's financial performance. This is likely to lead to a positive short-term impact on COHR's stock price as investors react to the potential for higher-than-expected earnings.
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