Coherent: Fiscal 3Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported fiscal third-quarter net income of $67 million.
On a per-share basis, the Santa Clara, California-based company said it had net income of $2.69. Earnings, adjusted for amortization costs and stock option expense, came to $3.51 per share.
The maker of lasers for commercial and scientific uses posted revenue of $482.3 million in the period.
Coherent shares have decreased 44 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $158.06, a decrease of 40 percent in the last 12 months.