```html
WEB Coherent Q4 Results Beat Estimates as Revenue Grows 9% Year Over Year
Coherent Reports Solid Q4 Results
WEB Coherent reported earnings per share of $0.61, which was slightly above the consensus estimate of $0.60. Revenue for the quarter ended June 30, 2024, was $1.31 billion, a 9% increase from the same period last year.
Revenue Growth and Profitability
For the fiscal year 2024, WEB Coherent reported revenue of $4.708 billion, with a GAAP gross margin of 30.9% and a GAAP net loss of $1.84 per diluted share.
New CEO Expected to Drive Growth
The company's new CEO, Kevin Kennedy, is expected to bring a strong focus on artificial intelligence (AI) to Coherent's operations. This could help the company capitalize on the growing demand for AI solutions in various industries.
Financial Outlook for Q1 2025
WEB Coherent expects its non-GAAP EPS for the first quarter of fiscal 2025 to be between $0.53 and $0.69.
```
Comments