erent (US:COHR) ZACKSยท2024-11-07 01:01Core Insights - Coherent reported a revenue of $1.35 billion for the quarter ended September 2024, marking a 28% increase year-over-year, with an EPS of $0.74 compared to $0.16 in the same quarter last year [1] Revenue Performance - Revenue from Materials was $237.43 million, below the average estimate of $269.74 million, reflecting a year-over-year decline of 2.9% [3] - Networking revenue reached $762.87 million, exceeding the average estimate of $702.95 million, with a significant year-over-year increase of 61.3% [3] - Lasers revenue was reported at $347.84 million, slightly below the average estimate of $349.83 million, showing a year-over-year growth of 3.7% [3] - Revenue from Contracts in Instrumentation was $90.68 million, below the estimated $110.79 million, representing an 8.8% decline year-over-year [3] - Communications revenue from Contracts was $774.29 million, surpassing the average estimate of $683.78 million, with a year-over-year increase of 68.5% [3] - Industrial revenue from Contracts was $406.94 million, slightly below the average estimate of $437.27 million, with a year-over-year change of 0.6% [3] - Electronics revenue from Contracts was $76.23 million, significantly below the average estimate of $95.40 million, reflecting a year-over-year decline of 15.1% [3] Stock Performance - Coherent's shares have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's increase of 0.7%, and the stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near term [4]