Coherent Q3 2024 Adj EPS $0.53 Beats $0.42 Estimate, Sales $1.208B Beat $1.167B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coherent (NYSE:COHR) reported Q3 2024 adjusted EPS of $0.53, surpassing the $0.42 estimate, with sales of $1.208B also beating the $1.167B estimate. However, this represents a decrease from the previous year's earnings and sales.
May 06, 2024 | 8:21 pm
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Coherent's Q3 2024 earnings and sales exceeded analyst expectations, indicating strong performance despite a year-over-year decline.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. However, the year-over-year decline in earnings and sales might temper the positive impact slightly.
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