Coherent Corp reports Q3 FY2024 revenue of $1.21B, surpassing estimates, and adjusted EPS of 53 cents.
Coherent Corp., a global leader in materials, networking, and lasers, announced financial results for Q3 FY2024, revealing revenue of $1.21B, surpassing estimates and the company's forecast of $1.12-1.2B. Adjusted EPS of 53 cents also exceeded the 42-cent consensus. Coherent's Q3 GAAP basis reported a loss of 29 cents per share. A conference call with CEO Dr. Vincent D. Mattera Jr. will be held on May 7, 2024.
May 06, 2024
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