Printer Friendly

COHERENT INC. ANNOUNCES SECOND QUARTER RESULTS

 PALO ALTO, Calif., April 21 /PRNewswire/ -- Coherent Inc. (NASDAQ: COHR) today announced results for its second fiscal quarter ended March 27, 1993, as follows:
 Three Months Ended Six Months Ended
 March 27, March 28, March 27, March 28,
 1993 1992 1993 1992
 (in thousands, except per share amounts)
 Net sales $55,016 $55,439 $105,320 $110,142
 Income before income
 taxes 3,535 2,495 6,302 4,447
 Net income 2,250 1,345 3,822 2,360
 Net income per share 0.23 0.14 0.39 0.25
 Average common and
 common equivalent
 shares outstanding 9,971 9,698 9,892 9,624
 Net income for the current quarter and six months ended March 27, 1993, increased 67 percent and 62 percent, respectively, over the corresponding prior year period to $2.3 million (23 cents per share) and $3.8 million (39 cents per share), respectively, from $1.3 million (14 cents per share) and $2.4 million (25 cents per share).
 These increases in net income were primarily attributed to higher gross margins which increased to 47 percent for the quarter and year-to- date from 45 percent and 44 percent, respectively.
 Sales for the current quarter and six month periods ended March 27, 1993, decreased 1 percent and 4 percent, respectively, from the prior year periods. The sales decreases were primarily attributed to lower sales within the Industrial segment.
 Coherent is recognized as a world leader in the design, manufacture and marketing of lasers for medicine, science and industry.
 -0- 4/21/93
 /CONTACT: Robert J. Quillinan, vice president and chief financial officer of Coherent, 415-852-8268/
 (COHR)


CO: Coherent Inc. ST: California IN: CPR MTC SU: ERN

TM-TB -- SJ005 -- 8733 04/21/93 12:20 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 21, 1993
Words:291
Previous Article:SEATTLE FILMWORKS INC. ANNOUNCES 28-PERCENT EARNINGS GROWTH
Next Article:LEGISLATURE'S PASSING OF EMPLOYER-MANDATED HEALTH BILL SHOWS HEALTH OF SMALL BUSINESS, ECONOMY IS NOT AN ISSUE
Topics:


Related Articles
COHERENT INC. ANNOUNCES RESULTS FOR FOURTH QUARTER AND YEAR ENDED SEPT. 28, 1991
COHERENT INC. ANNOUNCES FIRST QUARTER EARNINGS
COHERENT EXPECTS TO REPORT A LOSS
COHERENT ANNOUNCES THIRD QUARTER RESULTS
COHERENT ANNOUNCES RESULTS FOR FOURTH QUARTER AND YEAR ENDED SEPT. 26, 1992
COHERENT INC. ANNOUNCES FIRST QUARTER RESULTS
COHERENT INC. ANNOUNCES THIRD QUARTER RESULTS
COHERENT INC. ANNOUNCES RESULTS FOR FOURTH QUARTER AND YEAR ENDED SEPT. 25, 1993
COHERENT, INC. ANNOUNCES RECORD SECOND QUARTER RESULTS
COHERENT, INC. ANNOUNCES RECORD SECOND QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters