Coherent, Inc.

Photonics company reports "solid" first-quarter results

Published in Physician Law Weekly, February 23rd, 2005

Coherent, Inc., (COHR) announced financial results for its first fiscal quarter ended January 1, 2005, posting sales of $126 million and net income of $5.4 million ($0.17 per diluted share).

Net income included a charge of $3.1 million ($0.10 per diluted share) related to the company's previously communicated decision to discontinue future product development and investments in the semiconductor lithography market within its Lambda Physik subsidiary.

Net income also included a tax benefit of $0.5 million ($0.02 per diluted share) related to federal tax law changes enacted in the current quarter.

Sales and net loss for the...

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Source: Physician Law Weekly (2005-02-23)

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