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Coherent: Fiscal 3Q Earnings Snapshot

July 31, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COHR at https://www.zacks.com/ap/COHR

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