SAXONBURG, Pa. (AP) — SAXONBURG, Pa. (AP) — Coherent Corp. (COHR) on Wednesday reported fiscal second-quarter earnings of $146.7 million.
The Saxonburg, Pennsylvania-based company said it had net income of 76 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The Laser and optics manufacturer posted revenue of $1.69 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.64 billion.
For the current quarter ending in March, Coherent expects its per-share earnings to range from $1.28 to $1.48.
The company said it expects revenue in the range of $1.7 billion to $1.84 billion for the fiscal third quarter.
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