Coherent Q2 Adj. Profit Tops View

(RTTNews) - Coherent, Inc. (COHR) reported second-quarter net income of $15.3 million, up from $15.0 million in the comparable quarter last year. Earnings per share for the latest second quarter was $0.61, same as last year.

Non-GAAP net income was $20.4 million, or $0.82 per share, compared to $20.7 million or $0.84 per share in the year-ago period. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.78 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $199.22 million, compared with $200.06 million, a year ago. Analysts expected revenue of $200.20 million for the quarter.