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Why is Coherent Corp (COHR) Stock down?
We've noticed a 5.77% decline in Coherent Corp (COHR) stock during the 2024-12-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
16 Aug, 2023:
Coherent stock tumbles as Q4 results beat expectations with earnings of $0.41/share on $1.21 billion revenue but weak forward guidance leads to a 29.87% drop. Q1 sales expected at $1-1.1 billion with EPS of $0.05-$0.20, citing macro pressures and inventory challenges despite AI potential.
https://www.fool.com/investing/2023/08/16/why-coherent-stock-is-crashing-today/
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