Coherent, Inc. Reports Record Quarterly ResultsSANTA CLARA, Calif., July 29 /PRNewswire-FirstCall/ -- Coherent, Inc. (Nasdaq: COHR), a world leader in providing photonics based solutions to the commercial and scientific research markets, today announced financial results for its third fiscal quarter ended July 3, 2010.
FINANCIAL HIGHLIGHTS
Nine Months
Three Months Ended Ended
------------------ -----------
GAAP April July July July
Results July 3, 3, 4, 3, 4,
(in
millions
except
per
share
data)
2010 2010 2009 2010 2009
---- ---- ---- ---- ----
Bookings $180.6 $164.5 $88.6 $503.5 $285.8
Net
sales $166.7 $149.2 $98.5 $438.7 $328.3
Net
income
(loss) $14.4 $8.5 $(7.0) $27.1 $(30.8)
Diluted
EPS $0.57 $0.34 $(0.29) $1.08 $(1.27)
Non-
GAAP
Results
(in
millions
except
per
share
data)
Net
income
(loss) $16.8 $11.3 $(2.2) $33.2 $6.8
Diluted
EPS $0.66 $0.45 $(0.09) $1.33 $0.28
THIRD FISCAL QUARTER DETAILS
For the third fiscal quarter ended July 3, 2010, Coherent announced record net sales of $166.7 million and net income, on a U.S. generally accepted accounting principles (GAAP) basis, of $14.4 million ($0.57 per diluted share). These results compare to net sales of $98.5 million and net loss of $7.0 million, or $0.29 per share, for the third quarter of fiscal 2009. Non-GAAP net income for the third quarter of fiscal 2010 was $16.8 million, or $0.66 per diluted share, and non-GAAP net loss for the third quarter of fiscal 2009 w ...
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