Coherent (Nasdaq: COHR) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 30 (Q2), Coherent met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share didn't change. GAAP earnings per share dropped.

Margins contracted across the board.

Revenue details
 Coherent tallied revenue of $200.1 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $198.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.73. The seven earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. Non-GAAP EPS of $0.73 were the same as the prior-year quarter. GAAP EPS of $0.61 for Q2 were 9.0% lower than the prior-year quarter's $0.67 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 38.2%, 200 basis points worse than the prior-year quarter. Operating margin was 8.4%, 210 basis points worse than the prior-year quarter. Net margin was 7.5%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $204.1 million. On the bottom line, the average EPS estimate is $0.87.

Next year's average estimate for revenue is $798.0 million. The average EPS estimate is $3.25.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 84 members out of 97 rating the stock outperform, and 13 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Coherent a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coherent is outperform, with an average price target of $64.48.

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