Coherent, Inc. (NASDAQ:COHR) is expected to report fourth quarter earnings results, after market close, on Tuesday 10th November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.80 per share.
Looking ahead, the full year income are expected at $ 2.79 per share on the revenues of $ 1221.87 million.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 290.00 million ~ $ 320.00 million
Click Here For More Historical Outlooks Of Coherent, Inc.
Previous Quarter Performance
Coherent, Inc. unwinded income for the third quarter of $ 0.52 per share, from the revenue of $ 298.33 million. The quarterly earnings reduced 60.90 percent compared with the same quarter last year. According to street consensus, COHR was expected to report 3Q20 income of $ 0.21 per share from revenue of $ 287.69 million. The bottom line results beat street analysts by $ 0.31 or 147.62 percent, at the same time, top line results outshined analysts by $ 10.64 million or 3.70 percent.
Stock Performance
Shares of Coherent, Inc. traded up $ 4.54 or 3.34 percent on Monday, reaching $ 140.45 with volume of 268.30 thousand shares. Coherent, Inc. has traded high as $ 146.73 and has cracked $ 140.00 on the downward trend
According to the previous trading day, closing price of $ 140.45, representing a 73.78 % increase from the 52 week low of $ 78.21 and a 23.68 % decrease over the 52 week high of $ 178.08.
The company has a market capital of $ 3.41 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems.
