COHH is trading at $2.47, up 8.33%, as Coherent’s earnings beat and fiscal 2027 growth outlook support the positive reaction.
- Fiscal Q1 revenue of $2.37 billion and adjusted EPS of $2.09 beat expectations.
- Management forecast fiscal 2027 pro forma revenue growth above 60%.
- The company-specific catalyst contrasts with broader overnight chip weakness and falling Nasdaq futures.