2/5

Coherent Soars 12.42% After-Hours on Strong Earnings and Guidance

Coherent Corp. reported impressive second-quarter earnings on February 5th, significantly surpassing analyst expectations and driving a surge in its stock price. The company posted adjusted earnings of $0.95 per share, beating the consensus estimate of $0.69 by a substantial margin. This strong performance was underpinned by robust demand in its AI-related data centers and growth in its telecom business, which contributed to a revenue of $1.434 billion, exceeding the anticipated $1.37 billion. The company's guidance for the next quarter also came in strong, with projected revenue between $1.39 billion and $1.48 billion, the midpoint of which is above current market expectations.

The positive earnings surprise and optimistic guidance have fueled investor confidence, leading to a notable increase in Coherent's stock price. As of the market close on February 5th, Coherent's shares rose 2.69% to close at $90.10, and in after-hours trading, the stock surged an additional 12.42% to reach $101.29.