Coherent #COHR: growth continues
Two days ago, the company reported results for the previous quarter. In particular, revenue of $1.13 billion for the quarter, which represents a decrease of 17.4% compared to the same period last year. Earnings per share were $0.36 for the same period compared to $0.95 a year ago
In the current third quarter of the fiscal year, Coherent expects revenue of $1.12 billion to $1.20 billion, and adjusted earnings per share of $0.32 to $0.52.
The company has revised its forecast for the full fiscal year and forecasts revenue of $4.55 billion to $4.70 billion (an increase of $50 million) with adjusted earnings per share of $1.30 to $1.70
The company still has work to do before it officially regains steady and profitable growth. At the same time, it is not surprising that its shares have already increased by more than 22% in two days, given such results.☝️
Two days ago, the company reported results for the previous quarter. In particular, revenue of $1.13 billion for the quarter, which represents a decrease of 17.4% compared to the same period last year. Earnings per share were $0.36 for the same period compared to $0.95 a year ago
In the current third quarter of the fiscal year, Coherent expects revenue of $1.12 billion to $1.20 billion, and adjusted earnings per share of $0.32 to $0.52.
The company has revised its forecast for the full fiscal year and forecasts revenue of $4.55 billion to $4.70 billion (an increase of $50 million) with adjusted earnings per share of $1.30 to $1.70
The company still has work to do before it officially regains steady and profitable growth. At the same time, it is not surprising that its shares have already increased by more than 22% in two days, given such results.☝️