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COHERENT INC. ANNOUNCES FIRST QUARTER EARNINGS

 COHERENT INC. ANNOUNCES FIRST QUARTER EARNINGS
 PALO ALTO, Calif., Jan. 22 /PRNewswire/ -- Coherent Inc.


(NASDAQ: COHR) today released results for its first fiscal quarter ended Dec. 28, 1991 as follows:
 Three Months Ended
 Dec. 28, Dec. 29,
 1991 1990
 (In thousands except per share data)
 Sales $54,703 $48,321
 Income before income taxes 1,952 841
 Net income 1,015 300
 Net income per share .11 .03
 Average common and common
 equivalent shares
 outstanding 9,551 9,147
 First quarter sales of $54.7 million were 13.2 percent higher than sales for the first quarter last year and represented the highest level of sales for a first quarter in the company's history. This increase was attributable to higher sales in both the Medical and Electro-Optical business segments.
 Earnings performance also improved dramatically over the prior year as income before income taxes and net income were $1.1 million and $0.7 million higher, respectively. Accordingly, net income per share increased to $.11 from $.03 per share.
 The company attributed the improved financial performance to an increase in gross margins as a percent of sales as well as the increase in sales. Also favorably impacting net income was a lower effective tax rate for the current period. Offsetting these improvements were higher operating expenditures to penetrate new markets, especially in medical products.
 Coherent Inc. is a world leader in the design, manufacture and marketing of lasers for science, medicine and industry. Please direct any questions to Robert J. Quillinan, vice president and chief financial officer at 415-852-8268.
 -0- 1/22/92
 /CONTACT: Robert J. Quillinan of Coherent Inc., 415-852-8268/
 (COHR) CO: Coherent Inc. ST: California IN: CPR SU: ERN


RM -- SJ010 -- 2323 01/22/92 12:57 EST
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Date:Jan 22, 1992
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