05:06 PM EDT, 05/06/2024 (MT Newswires) -- Coherent (COHR) reported fiscal Q3 non-GAAP earnings late Monday of $0.53 per diluted share, down from $0.58 per share a year earlier.

Analysts polled by Capital IQ expected $0.42.

Revenue for the quarter ended March 31 fell to $1.21 billion from $1.24 billion a year earlier. Analysts surveyed by Capital IQ expected $1.17 billion.

For fiscal Q4, the company expects non-GAAP EPS of $0.52 to $0.68 on revenue of $1.23 billion to $1.32 billion. The consensus is for EPS of $0.57 on revenue of $1.27 billion.

For fiscal 2024, Coherent said it now expects non-GAAP EPS of $1.56 to $1.73 on revenue of $4.62 billion to $4.70 billion, compared with its prior outlook for non-GAAP EPS of $1.30 to $1.70 on revenue of $4.55 billion to $4.70 billion.

Analysts are looking for EPS of $1.44 on revenue of $4.62 billion.

The company's shares were up about 8% in after-hours activity.

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