Coherent Q4 Profit Tops Estimate

(RTTNews) - Coherent, Inc. (COHR) reported net income for the fourth quarter of $19.1 million or $0.76 per share, compared to $20.5 million or $0.83 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $24.2 million or $0.96 per share, compared to $25.6 million or $1.03 per share in the prior year quarter.

Net sales for the fourth quarter fell to $205.3 million from $213.1 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.93 per share on revenue of $209.45 million for the fourth quarter. Analysts' estimates typically exclude special items.