PITTSBURGH, May 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a leader in high- performance optical networking and laser solutions, announced today a first-to-market single-mode (SM), polarization-maintaining (PM) erbium-ytterbium co-doped optical fiber for high-power 1550 nm, narrow linewidth, and single-frequency amplifiers. Coherent is now the first company to support pure SM, PM optical fibers for >20 W average power capabilities. Learn more about cold atoms and quantum optics: Cold Atoms and ...

The key Coherent product innovation is merging exceptional high-power performance and superior beam quality to achieve unique performance characteristics previously unavailable. Additionally, it incorporates a design that emphasizes manufacturability and lightweight construction, featuring a 130 µm geometry made possible by a proprietary Coherent manufacturing technology. PITTSBURGH, May 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in high- performance optical networking and laser solu ...

Investors might want to bet on Coherent (COHR) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this Laser and optics manufacturer, should get reflected in its stock price. After all, empirical research shows a strong correlat ...

A deep dive into Coherent's third-quarter earnings report reveals key financial metrics.Coherent (COHR -1.52%), a leader in photonics technology, released its third-quarter earnings for fiscal year 2024 on May 6. The company reported earnings and revenue that exceeded the top end of management's guidance range, except for a disappointing gross margin.MetricQ3 FY24 ResultManagement Guidance For Q3 FY24Q3 FY23 ResultChange from Q3 FY23Non-GAAP EPS$0.53$0.32-$0.52$0.58(8.6%)Revenue (billion)$1.21$1.12-$1.20$1. ...

PITTSBURGH, May 07, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will host an Instrumentation Market Overview webcast for investors, equity analysts, and the public on Tuesday, May 14, at 10:00 a.m. ET. Individuals wishing to view the 90-minute webcast can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts. The event will be recorded, and a replay will ...

Coherent Corp. (NYSE:COHR) Q3 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Paul Silverstein - VP, IR Chuck Mattera - Chairman and CEO Lee Xu - EVP, Datacom Transceivers Richard Martucci - Interim CFO Sanjai Parthasarathi - Chief Marketing Officer Sohail Khan - EVP, Silicon Carbide LLC Beck Mason - EVP, Telecommunications Giovanni Barbarossa - Chief Strategy Officer and President, Materials Segment Julie Sheridan Eng - Chief Technology Officer Magnus Bengtsson - Chief Commercial ...

20 Three Months Ended March 31, 2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-------|---------------------------|-----------|--------|-------|--------------------------|-----------|---------| | | | Three Months Ended \n2024 | March 31, | 2023 | | Nine Months Ended \n2024 | March 31, | 2023 | | Stock Options and Cash-Based Stock Appreciation Rights | $ | 1,078 | $ | 767 | $ | 824 | $ | 927 | | Restricted Share Awards and ...

For the quarter ended March 2024, Coherent (COHR) reported revenue of $1.21 billion, down 2.5% over the same period last year. EPS came in at $0.53, compared to $0.58 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of +3.45%. The company delivered an EPS surprise of +26.19%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Coherent (COHR) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 26.19%. A quarter ago, it was expected that this Laser and optics manufacturer would post earnings of $0.23 per share when it actually produced earnings of $0.36, delivering a surprise of 56.52%.Over the last four quarter ...

6 Networking. Lower than expected Datacom gross margin accounted for over 50% of the total adverse impact. Specifically, lower transceiver yields was the primary issue. We have implemented a number of corrective actions, have started to see meaningful improvement in yield, and expect to attain our targeted yield by the time we exit the first quarter of fiscal 2025. Unchanged Long-Term Outlook; Growth Bias. Our longer-term outlook for improved margin structure and strong secular growth in all of our markets ...