Coherent posts disappointing income

Coherent Inc. (Santa Clara, CA) expects net income for its fourth fiscal quarter, ended September 27, 1997, to be between $0.54 and $0.58 per share--significantly below analysts` expectations of $0.80 per share. Sales are expected to be between $103 million and $104 million, which would be a record high for the company but also less than anticipated. The company said its results were affected by currency exchange rates (more than half of Coherent`s business is outside the USA), pricing pressures
Dec. 1, 1997

Coherent posts disappointing income

Coherent Inc. (Santa Clara, CA) expects net income for its fourth fiscal quarter, ended September 27, 1997, to be between $0.54 and $0.58 per share--significantly below analysts` expectations of $0.80 per share. Sales are expected to be between $103 million and $104 million, which would be a record high for the company but also less than anticipated. The company said its results were affected by currency exchange rates (more than half of Coherent`s business is outside the USA), pricing pressures on some laser products, increased research and development spending, and the ramp-u¥of its Verdi diode-pumped solid-state-laser.

Sign up for Laser Focus World Newsletters
Get the latest news and updates.

Related

Quantum key distribution: Secure optical communications
Photonics Hot List: August 15, 2025
Developing a Partnership with IDEX Health & Science
Sponsored
Electrostatic discharge (ESD) resin now available on BMF 3D printers
Sponsored

Voice Your Opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!