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PI Physik Instrumente - Fast Steering LB LW 11/24

Shifting Product Mix Cuts Coherent Earnings

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SANTA CLARA, Calif., Oct. 31 -- Coherent Inc. said that earnings fell during its fourth fiscal quarter as the company's product mix shifted away from higher value telecom products and currency conversions worked against the company. The company said that it booked pro forma income of $5.7 million, or 20 cents per share, excluding a charge of $5.8 million or 20 cents per share. That's down from income a year earlier of $9.5 million, or 33 cents per share, excluding a gain of $33.6 million. Coherent said it plans to take a charge in the first fiscal quarter of 2002 of $1 million to $1.5 million...Read full article

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    Published: October 2001
    CommunicationsNews & Features

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