SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported fiscal second-quarter profit of $20.8 million.
The Santa Clara, California-based company said it had net income of 85 cents per share. Earnings, adjusted for amortization costs and stock option expense, were $1.61 per share.
The maker of lasers for commercial and scientific uses posted revenue of $372.9 million in the period.
Coherent shares have increased 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $147.95, a drop of 12% 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