Coherent Corp. (COHR) shares are gaining more than 15 percent on Tuesday morning trade after the company reported a reduced loss for the second quarter compared to the prior year.
The loss per share for the quarter was $0.38, lower than the loss of $0.58 in the prior year. On an adjusted basis, earnings were $0.36 per share.
Currently, shares are at $56.94, up 15.24 percent from the previous close of $49.42 on a volume of 4,630,343.
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