Coherent (NYSE:COHR) Sees 13% Price Dip Despite Positive Q2 Earnings Report
Coherent (NYSE:COHR) recently announced impressive second-quarter earnings with a notable rise in sales, net income, and earnings per share compared to the same period last year. Despite these positive financial developments, the company’s stock experienced a 13% decline over the past week. This drop aligns with broader market trends as major indexes like the Dow Jones and S&P 500 recorded their worst week in two years, influenced by tariff concerns and fears about an economic slowdown. The market’s general downturn affected many large-cap technology stocks, leading to significant declines across the sector, which Coherent is part of. Even amidst Coherent’s positive earnings report, the prevailing bearish market sentiment likely weighed…
