Coherent Sends Mixed Signals In Q3

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. ...