Benzinga | Aug 4, 2020 04:08PM EDT

Coherent Q3 EPS $0.52 Beats $0.21 Estimate, Sales $298.30M Beat $287.69M Estimate

Coherent (NASDAQ:COHR) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.21 by 147.62 percent. This is a 60.9 percent decrease over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $298.30 million which beat the analyst consensus estimate of $287.69 million by 3.69 percent. This is a 12.05 percent decrease over sales of $339.17 million the same period last year.