COHERENT EXPECTS TO REPORT A LOSS
COHERENT EXPECTS TO REPORT A LOSS PALO ALTO, Calif., June 30 /PRNewswire/ -- Coherent Inc.
(NASDAQ: COHR) today announced that it expects to report a loss for its third quarter ended June 27, 1992. The company anticipates that it will report sales of approximately $50 million and a loss of between $.10 and $.15 per share. Jim Hobart, Coherent's chairman and chief executive officer attributed the lower sales to weak worldwide economic conditions. However, despite the current environment, Dr. Hobart also noted that customer interest in the company's products remains high. The company expects to release final results for the quarter prior to the end of July.
Coherent Inc. is a world leader in the design, manufacture and marketing of lasers for science, medicine and industry. -0- 6/30/92 /CONTACT: Robert J. Quillinan of Coherent, 415-852-8268/ (COHR) CO: Coherent Inc. ST: California IN: CPR SU: ERP
MM-RM -- SJ006 -- 5369 06/30/92 17:29 EDT
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|Date:||Jun 30, 1992|
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