Coherent Corp. (NYSE:COHR) shares are up after a brief dip in Wednesday's extended trading after the company released its second-quarter earnings report.
Here's a look at the key figures from the quarter.
- COHR stock is moving. Watch the price action here.
The Details: Coherent reported quarterly earnings of $1.29 per share, which beat the Street estimate of $1.21 by 6.79%, according to Benzinga Pro.
Quarterly revenue came in at $1.69 billion, which beat the analyst consensus estimate of $1.64 billion.
“We delivered strong year-over-year revenue growth in the December quarter, driven by another quarter of strong demand in our data center and communications segment,” said Jim Anderson, CEO.
Outlook: Coherent expects third quarter adjusted EPS of $1.28 to $1.48, versus the $1.32 analyst estimate, and revenue in a range of $1.7 billion to $1.84 billion, versus the $1.71 billion estimate.
COHR Stock Price: According to data from Benzinga Pro, Coherent stock is up 5.21% to $221.29 in Wednesday's extended trading.
Photo: Shutterstock
