Coherent Reports Q1 EPS Beat, Revenues In Line
<p><a href='https://financialmodelingprep.com/financial-summary/COHR'>Coherent, Inc. (NASDAQ:COHR)</a> reported its Q1 results, with EPS coming in at $0.95, better than the Street estimate of $0.93. Revenue was $1.37 billion, in line with expectations.</p>
<p>Analysts at Deutsche Bank view the company's commentary on demand trends as reassuring, with management reaffirming double-digit growth in fiscal 2023.</p>
<p>The most incremental data point from the call, in the analysts’ view, was management's indication of incremental weaknesses impacting parts of its Industrial end-market. </p>
<p>Overall, the analysts view the company’s continued focus on deleveraging ($133 million in debt paydown in Q2) as of key importance, especially in a raising interest rates environment.</p>

NASDAQ:COHR