🔴 Coherent is trading 5.5% down in pre-market after investors reassessed outlook

Coherent is trading 5.5% down at $336.10 after investors reassessed its outlook overnight despite strong earnings.

• August 12 earnings initially lifted shares, but they later retreated after-hours as investors weighed valuation and profit-taking following the recent rally.
• Fiscal Q4 revenue reached $2.05 billion and adjusted EPS was $1.74, both above expectations.
• Q1 fiscal 2027 guidance also exceeded estimates.