Coherent sees Q3 EPS 75c-95c, consensus 76c

Sees Q3 revenue $1.39B-$1.48B, consensus $1.4B. Sees Q3 gross margin 37%-39%. Sees Q3 operating expenses $285M-$305M. Sherri Luther, CFO, said, “I am pleased by our profitability, cash generation and debt reduction in the second quarter. Revenue growth and margin expansion drove significant sequential and year-over-year increases in our GAAP and Non-GAAP EPS. We also paid down $132 million of our outstanding debt.”