Coherent, Inc. stock price

Coherent, Inc. latest news:


  • 11/07/2017 15:37:51

    Coherent shares rise 8% after earnings, sales beat

    Shares of Coherent Inc. rose 8% late Tuesday after the Santa Clara, Calif., company reported fiscal 2017 fourth-quarter earnings and sales above Wall Street expectations. Coherent said it earned $74 million, or $2.96 a share, in the quarter, compared with $31 million, or $1.25 a share, in the year-ago period. Adjusted for one-time items, the company, which makes lasers and provides laser-based technology to several industries, earned $93 million, or $3.72 a share, compared with $41 million, or $1.65 a share, a year ago. Revenue rose to $490 million, compared with $249 million a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.45 a share on sales of $475 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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