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Coherent: Fiscal 4Q Earnings Snapshot

November 5, 2019

SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported fiscal fourth-quarter net income of $624,000.

On a per-share basis, the Santa Clara, California-based company said it had profit of 3 cents. Earnings, adjusted for amortization costs and stock option expense, were 89 cents per share.

The maker of lasers for commercial and scientific uses posted revenue of $335.5 million in the period.

For the year, the company reported profit of $53.8 million, or $2.22 per share. Revenue was reported as $1.43 billion.

Coherent shares have risen 56% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $164.52, an increase of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COHR at https://www.zacks.com/ap/COHR