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COHERENT INC Earnings Rise In Q1

COHERENT INC (COHR) revealed a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $88.6 million, or $3.54 per share. This was up from $63.4 million, or $2.57 per share, in last year's first quarter.

Analysts had expected the company to earn $3.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 38.0% to $477.6 million. This was up from $346.1 million last year.

COHERENT INC earnings at a glance:

-Earnings (Q1): $88.6 Mln. vs. $63.4 Mln. last year.
-Earnings Growth (Y-o-Y): 39.7%
-EPS (Q1): $3.54 vs. $2.57 last year.
-EPS Growth (Y-o-Y): 37.7%
-Analysts Estimate: $3.52
-Revenue (Q1): $477.6 Mln vs. $346.1 Mln last year.
-Revenue Change (Y-o-Y): 38.0%

by RTTNews Staff Writer

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