Coherent Corp ($COHR) Reports Q4 Revenue of $1.314B, EPS $0.61; Amcor's Revenue Declines 3.76% to $3.54B, EPS $0.21

Coherent Corp ($COHR) reported its Q4 FY24 earnings, achieving a revenue of $1.314 billion, a 9.1% increase year-over-year, and a non-GAAP earnings per share (EPS) of $0.61, exceeding estimates of $0.60. The company noted a significant 10% sequential revenue growth in its Communications segment, driven by strong demand for AI-related datacom transceivers. In contrast, Amcor plc ($AMCR) announced its Q4 FY24 results with a revenue of $3.54 billion, a decline of 3.76% year-over-year, missing expectations by $105 million. However, Amcor's adjusted EPS was reported at $0.21, which beat estimates by $0.01, reflecting a 10.53% increase year-over-year. Coherent's guidance for the upcoming quarter anticipates revenue between $1.27 billion and $1.35 billion, with a non-GAAP gross margin projected between 36% and 38%. Amcor's net income for the quarter was $257 million, marking a 42.02% increase year-over-year, with adjusted free cash flow rising by 12% to reach $952 million for FY24.