Coherent: Fiscal 1Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported fiscal first-quarter net income of $35.6 million.

On a per-share basis, the Santa Clara, California-based company said it had profit of $1.45. Earnings, adjusted for amortization costs and stock option expense, came to $2.09 per share.

The maker of lasers for commercial and scientific uses posted revenue of $383.1 million in the period.

Coherent shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $122.81, a decrease of 54 percent in the last 12 months.

_____

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