1. COHR sold its aerospace segment for $400 million to reduce debt. 2. Fourth-quarter EPS of $1 beats expectations of 91 cents. 3. Revenue for the quarter reached $1.52 billion, surpassing estimates. 4. Stock fell 17.53% after-hours to $94.02 post-earnings release. 5. Forecast for Q1 revenue is between $1.46 and $1.6 billion.
COHR's significant after-hours stock decline suggests market skepticism about future growth despite positive earnings. Historical precedent shows that post-earnings drops, especially after equity disposals, often lead to prolonged bearish sentiment.
The sale and earnings details directly influence COHR's debt and growth outlook, critical for investors. The stock reaction provides insight into market expectations, indicating the importance of the news.
The immediate sale proceeds and debt reduction may create short-term fluctuations, but overall market sentiment remains negative. The current drop reflects investor concerns more than underlying fundamentals.