🔴 2x Long COHR ETF (COHH) is trading 7.3% down in after-hours trading despite Coherent earnings beat

COHH is trading at $8.84 (-7.26%) as investors sold after Coherent’s earnings beat.

• Coherent reported fiscal fourth-quarter revenue of $2.05 billion and non-GAAP EPS of $1.74, above consensus expectations of approximately $1.98 billion and $1.62, respectively.
• Despite the beat, COHR fell 4.43% after hours, indicating investors viewed results or forward commentary as insufficient after strong pre-earnings positioning.
• Broader technology markets were modestly positive, making company-specific post-earnings selling the clearest catalyst.