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Coherent (COHR +11.4%) jumps after its FQ3 bottom-line easily beat Street estimates. The company...
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Friday, July 27, 2012, 1:29 PM ETCoherent (COHR +11.4%) jumps after its FQ3 bottom-line easily beat Street estimates. The company guides FQ4 below expectations however, now expecting revenue to come in between $193M - $196M, versus the Street's $209M consensus. Needham's James Ricchiuti says investors are looking right through the weak guidance, and focusing instead on its solid bookings and quarter-end backlog.
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