Coherent Corp. (COHR) Stock: Drop 6% Despite 50% Revenue and 80% Earnings Growth in Q1

TLDR COHR shares tumble nearly 6% despite stronger fiscal first-quarter results. Coherent’s quarterly revenue jumps 50% as demand for AI optical products expands. Adjusted earnings per share climb 80%, reflecting stronger operating performance. Gross margins improve as pricing changes and cost reductions lift company profits. Coherent targets over 60% pro forma revenue growth for fiscal [...]

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