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Coherent had forecast $1.12 billion to $1.2 billion in sales in the quarter ended March 31. Industry analysts surveyed by Zacks Investment Research expected $1.17 billion.
Coherent Corp., a maker of lasers and semiconductors that has operations in Northampton County, is forecast to report a small decline in fiscal third-quarter revenue on Monday.
The shares were trading at $35.70, down 24% from Monday's closing price of $47.01.
On Wednesday, the shares were trading at $31.08, down 34% from Tuesday's closing price of $47.01. Earlier, they touched $30.89.
The plan proposes a multi-tenant, 43,120-square-foot manufacturing/flex industrial building on a 12.57-acre tract at 1496 Van Buren Road.