SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Wednesday reported fiscal first-quarter profit of $41.9 million.
On a per-share basis, the Santa Clara, California-based company said it had profit of $1.67. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $3.54 per share.
The maker of lasers for commercial and scientific uses posted revenue of $477.6 million in the period.
Coherent shares have declined 12 percent since the beginning of the year. The stock has climbed 54 percent in the last 12 months.
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