Coherent Sends Mixed Signals In Q3

(NYSE: COHR), a leader in photonics technology, released its third-quarter earnings for fiscal year 2024 on May 6. The company reported earnings and revenue that exceeded the top end of management's guidance range, except for a disappointing gross margin.

Data sources: Non-GAAP results from the company's SEC filings. PP = percentage points.

Coherent supplies materials, photonics, and laser technologies to a diverse range of target markets. The company was formed by a merger between two leading names in the laser industry, and the company has formed partnerships with industry giants to expand its market reach and product lines. Heavy investment in research and development (R&D) and a focus on artificial intelligence (AI) products have been central to its growth strategy.

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Source Fool.com