BUZZ-Coherent rises on Q2 sales, profit beat
ReutersFeb 5, 2025 9:42 PM
Shares of laser and optical devices maker Coherent COHR.N up 9.9% at $99.00 in extended trade
COHR Q2 revenue of $1.43 billion beats estimates of $1.37 billion, helped by strong demand for its AI-related data centers, and growth in its telecom business
Q2 adjusted EPS of 95 cents tops estimates of 69 cents
Company forecasts Q3 revenue between $1.39 billion and $1.48 billion, the midpoint of which is above estimates of $1.40 billion, according to data compiled by LSEG
In 2024, stock rose 117.6%
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