๐ Coherent $COHR drops 14% as traders bail before Wednesday's high-stakes earnings
Coherent Corp. (COHR) tumbled roughly 14% Tuesday as investors locked in gains ahead of the company's Q4 fiscal earnings due Wednesday morning before the open. The AI-driven optical components maker has been on a massive run this year, but options markets priced in a 12.7% swing around the print โ and traders aren't waiting. Street consensus: $1.58 EPS on $1.98B in revenue, up significantly year-over-year. Ready for another big move at the open? Not financial advice.
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