SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported a fiscal third-quarter loss of $3.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The maker of lasers for commercial and scientific uses posted revenue of $339.2 million in the period.
Coherent shares have risen 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $148.91, a decrease of 8.5% in the last 12 months.