Coherent Shares Rise More Than 5% After Upbeat Results and Forecast
Coherent reported fiscal first-quarter results and forecast sales and profits above expectations, lifting its shares more than 5% in overnight trading.
Coherent (COHR) issued an upbeat fiscal first-quarter report and forecast sales and profits above expectations on Wednesday, sending its shares more than 5% higher in overnight trading — a bright spot amid a rout in AI infrastructure stocks as investors parsed the midterm election results.Coherent’…