SAXONBURG, Pa. (AP) — SAXONBURG, Pa. (AP) — Coherent Corp. (COHR) on Wednesday reported fiscal third-quarter earnings of $191.4 million.
On a per-share basis, the Saxonburg, Pennsylvania-based company said it had profit of 97 cents. Earnings, adjusted for one-time gains and costs, were $1.41 per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.41 per share.
The Laser and optics manufacturer posted revenue of $1.81 billion in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.78 billion.
For the current quarter ending in June, Coherent expects its per-share earnings to range from $1.52 to $1.72.
The company said it expects revenue in the range of $1.91 billion to $2.05 billion for the fiscal fourth quarter.
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