Why Is Coherent Stock Surging Thursday?
Coherent stock surged 2.8% premarket following Nvidia's upbeat AI outlook. Analysts maintain a Buy rating with a $402 average target.
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Coherent Q4 Adj. EPS $1.74 Beats $1.61 Estimate, Sales $2.046B Beat $1.986B Estimate
Coherent (NYSE:COHR) reported quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.61 by 7.41 percent. This is a 74 percent increase over earnings of $1.00 per share from the same period
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