💨 Abstract

Coherent Corp. (COHR), a laser and optics manufacturer based in Saxonburg, Pennsylvania, reported a fiscal fourth-quarter loss of $95.6 million, equating to 83 cents per share. However, adjusted earnings of $1 per share exceeded Wall Street expectations, which had anticipated 93 cents per share. Revenue for the quarter was $1.53 billion, surpassing forecasts of $1.51 billion.

Courtesy: WTOP Staff