COHH is trading at $7.62, reversing its reported premarket gain as investors sell the news after Coherent’s record results.
- Coherent beat fourth-quarter expectations with $2.05 billion revenue and $1.74 adjusted EPS; fiscal Q1 guidance also exceeded consensus.
- Despite strong fundamentals, COHR’s post-earnings reaction turned negative, amplifying downside in this 2x daily leveraged ETF.
- Broader markets are nearly flat, so the decline appears primarily company-sector specific; cooling inflation and reduced rate-hike expectations support growth assets but have not offset optical-communications profit-taking.