Coherent Corp (COHR) shares are surging 5.04% in pre-market trading following the release of its impressive third-quarter financial results for fiscal year 2025. The company, which specializes in electronic equipment and parts, has outperformed analysts' expectations, demonstrating robust growth in both earnings and revenue.

For the quarter ended March 31, Coherent reported adjusted earnings of $0.91 per share, significantly surpassing the mean analyst estimate of $0.86. This performance marks a substantial improvement from the same quarter last year when the company reported EPS of $0.53. Revenue also exceeded expectations, rising 23.9% year-over-year to $1.50 billion, compared to the analyst consensus of $1.44 billion.

Despite reporting a quarterly net loss of $17 million, or $0.11 per share on a GAAP basis, investors appear to be focusing on the company's strong operational performance and growth potential. Wall Street maintains a bullish outlook on Coherent, with the current average analyst rating being "buy". The consensus recommendation aligns with the broader electronic equipment & parts peer group. Analysts have set a median 12-month price target of $91.00 for Coherent's stock, indicating significant upside potential from current levels.