• Coherent Corp COHR.N reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 81 cents to 89 cents per share.

• Revenue rose 23.9% to $1.50 billion from a year ago; analysts expected $1.44 billion.

• Coherent Corp's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $17 million.

• Coherent Corp shares had risen by 7.5% this quarter and lost 26.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Coherent Corp is $91.00

This summary was machine generated from LSEG data May 8 at 03:51 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)