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Why Coherent Stock Popped Today
The Motley Fool· 2024-02-06 17:34
Shares of Coherent (COHR 16.21%) are up 16.4% as of 12:15 a.m. ET Tuesday after the optical materials and semiconductor specialist announced better-than-expected quarterly results.Improving demand drove Coherent's better-than-feared quarterFor its fiscal second quarter ended Dec. 31, 2023, Coherent's revenue declined 17.4% year over year to $1.13 billion, translating to adjusted (non-GAAP) earnings of $86.4 million, or $0.36 per share (down from $0.95 per share a year earlier). Analysts, on average, were on ...
erent (COHR) - 2024 Q2 - Earnings Call Presentation
2024-02-06 15:26
1 INVESTOR PRESENTATION February 2024 Copyright 2024, Coherent. All rights reserved. FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations (i) for our future financial and operational results (including expectations for future growth); (ii) regarding capital expenditures and the results of investments in research and design; (iii) regarding growth in the markets we serve including industrial, communications, el ...
erent (COHR) - 2024 Q2 - Earnings Call Transcript
2024-02-06 15:25
Coherent Corp. (NYSE:COHR) Q2 2024 Earnings Conference Call February 6, 2024 8:00 AM ET Company Participants Paul Silverstein - VP, IR Chuck Mattera - Chairman & CEO Sanjai Parthasarathi - Chief Marketing Officer Giovanni Barbarossa - Chief Strategy Officer & President, Materials Segment Christopher Dorman - EVP, Lasers Business Sohail Khan - EVP, New Ventures & Wide-Bandgap Electronics Technologies Richard Martucci - Interim CFO Julie Sheridan Eng - Chief Technology Officer Magnus Bengtsson - Chief Commerc ...
Coherent stock rallies on profit beat and bullish comments on product launch
Market Watch· 2024-02-06 15:23
Stronger-than-expected earnings, fast growth in another unit and a bullish report on a new product powered gains in Coherent Corp.’s stock on Tuesday.Coherent COHR, +12.40% stock was up by 11.9% in regular trading on Tuesday. The stock has risen 27.7% so far in 2024, compared to a 3.8% rise by the Nasdaq COMP. The Santa Clara, Calif.-based optical communications and subsystems company said its latest quarter marked the third straight quarter of strong orders for its datacom transceivers. The company said it ...
Coherent (COHR) Reports Q2 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-06 01:00
Coherent (COHR) reported $1.13 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 17.4%. EPS of $0.36 for the same period compares to $0.95 a year ago.The reported revenue represents a surprise of +1.13% over the Zacks Consensus Estimate of $1.12 billion. With the consensus EPS estimate being $0.23, the EPS surprise was +56.52%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...
Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results
Newsfilter· 2024-02-05 22:35
PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on February 6, 2024, at 8:00 a.m. ET. The shar ...
erent (COHR) - 2024 Q2 - Quarterly Report
2024-02-05 16:00
Table of Contents | --- | --- | |------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------| | | | | for the transition period from | to . | | Commission File ________________________________________________________________ | Number: 001-39375 | | COHERENT (Exact name of registrant as ________________________________________________________________ | CORP. specified in its charter) | | Pennsylvania ...
Coherent Introduces ExactWeld 410 Laser Welding System for Medical Device Manufacturing
Newsfilter· 2024-02-01 11:00
PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in industrial lasers for precision manufacturing, today introduced the ExactWeld 410 laser welding system for medical device manufacturing. Medical devices are increasingly relied on to improve patient quality of life and longevity, driving the rapidly growing demand for high-quality and high-reliability precision welding in medical device manufacturing. The ExactWeld 410 from Coherent is a new system that excels at the most ...
Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles
Newsfilter· 2024-01-31 11:00
PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DOE) Fiscal Year 2023 Vehicle Technologies Office (VTO) Program Wide Funding Opportunity Announcement (FOA-0002893). This funding will accelerate the development of Coherent's patented chemical immobilization technology for lithium sulfur (Li-S) battery cells to meet next-generation electric vehicle (EV) requireme ...
Coherent to Showcase a Broad Portfolio of Product and Technology Innovations at Photonics West and Bios Expo 2024
Newsfilter· 2024-01-30 11:00
PITTSBURGH, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that it will exhibit industry-leading products and capabilities at SPIE Photonics West, Jan. 30-Feb. 1 at the Moscone Center in San Francisco, Booth #4805 (Hall F), and at BiOS Expo Jan. 27-28, part of Photonics West, in Booth #8630 (Hall D). Coherent will showcase its broad portfolio of products and technology innovations that are enabling a wide range of applicati ...