Investing.com -- Coherent beat Wall Street expectations for its fiscal fourth quarter on Wednesday, but its shares plunged by more than 17% in premarket U.S. trading after the laser and optical components maker issued a mixed forecast for the current quarter.
The company, which supplies materials used to produce chips for the automotive industry, posted earnings of $1.00 per share for the three months ended in June, above analysts’ estimate of $0.92.
Revenue rose to $1.53 billion, compared with expectations of $1.51 billion.
"[A]t a time when artificial intelligence names are firing on all cylinders, a more significant beat is likely what investors were expecting," analysts at Barclays said in a note.
Coherent projected earnings of $0.93 to $1.13 per share and revenue of $1.46 billion to $1.60 billion in the first quarter of its current fiscal year. Analysts were anticipating $1.03 per share on $1.55 billion in revenue.
(Scott Kanowsky contributed reporting.)
Coherent shares sink as analysts flag earnings disappointment
Published 2 months ago
Aug 14, 2025 at 8:53 AM
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