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Coherent Reports Higher Sales, Orders

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SANTA CLARA, Calif., July 28 -- Coherent Inc. reported an increase in earnings following higher sales volumes and increased gross profit percentages for the third quarter of 2000. Sales for the quarter were $149.4 million, $34.4 million more than the same 1999 period. Net income for the third quarter was $9.9 million or $.36 per diluted share, $4.2 million more than last year's pro forma net income, which did not include the combined $27 million from pretax and after tax charges from the acquisition of Star Medical Technologies last April. The company recorded...Read full article

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    Published: July 2000
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