Coherent (COHR) reported fiscal Q4 adjusted earnings late Wednesday of $1.74 per diluted share, up from $1.00 a year earlier.

Analysts polled by FactSet expected $1.62.

Revenue for the quarter ended June 30 was $2.05 billion, up from $1.53 billion a year earlier.

Analysts expected $1.98 billion.

For fiscal Q1, the company expects adjusted EPS of $1.85 to $2.05 on revenue of $2.2 billion to $2.4 billion. Analysts expect $1.77 and $2.14 billion, respectively.

Shares of Coherent fell 3.1% in after-hours activity.