Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Coherent, Inc.
Coherent, Inc. Reports First Fiscal Quarter Results
February 22nd, 2009
Coherent, Inc. (NASDAQ:COHR) announced financial results for its first fiscal quarter ended December 27, 2008, posting net sales of $124.4 million and a net loss, on a U.S. generally accepted accounting principles (GAAP) basis, of $14.7 million ($0.61 per share) primarily due to a non-cash goodwill impairment charge of $19.3 million ($0.80 per share). These results compare to net sales of $144.3 million and net income of $4.7 million, or $0.15 per diluted share, for the first quarter of fiscal 2008. Non-GAAP net income for the first quarter of fiscal 2009 was $8.6 million or $0.36 per share after excluding a non-cash charge for goodwill impairment of $19.3 million...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-22)
|
