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via finance.yahoo.comTech & AI

Bull of the Day: Coherent (COHR) Beats Estimates With 50% Revenue Growth

FROM THE WIRE · FINANCE.YAHOO.COM

Coherent (COHR) delivered a strong September quarter and growth outlook on November 4 and shares bounced hard out of the semiconductor meltdown the next day when the SOX index lost 12%. I bought shares under $170 for my TAZR Trader portfolio. The optical components maker grew…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults beat expectations for a stock tied to data center demand, though negative cash flow reflects heavy capex.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue rose 50% to $2.37 billion.
  2. 02EPS of $2.09 beat the Zacks consensus estimate of $2.
  3. 03Operating cash flow was negative and capex reached $776 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Coherent, Inc.COHRStock232.08 USDMarket closedtoday -1.04%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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