SAXONBURG, Pa., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced the debut of its EDGE FL30 fiber laser, a groundbreaking 30 kW laser source engineered to deliver unmatched performance in metal cutting applications. With exceptional brightness transmitted through a 100 μm beam delivery fiber, the EDGE FL30 establishes a new benchmark for high-power, thick sheet cutting.
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Shares of materials and photonics company Coherent (NYSE:COHR) fell 23.2% in the morning session after the company issued disappointing revenue guidance for its upcoming third quarter, which overshadowed its otherwise strong second-quarter financial results. For its second quarter of calendar year 2025, Coherent reported revenue of $1.53 billion and an adjusted earnings per share (EPS) of $1.00, beating Wall Street's expectations on both fronts. However, the positive results were undermined by the company's forecast for the third quarter. Coherent guided for third-quarter revenue of approximately $1.53 billion, which came in slightly below analysts' consensus estimate of $1.54 billion. This weaker-than-expected outlook signaled potential headwinds, leading investors to focus on future growth concerns rather than the solid quarterly performance, prompting a sell-off in the shares.
Wall Street struggled to extend record highs on Thursday, as investors opted to lock in profits and adopt a more cautious stance after U.S. producer inflation posted its largest increase in three years.
Miami International shares soared more than 40% in their debut on the NYSE on Thursday. The options exchange operator raised $345 million through the IPO.
