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Coherent posts 4Q profit

SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported fiscal fourth-quarter earnings of $73.8 million.

On a per-share basis, the Santa Clara, California-based company said it had net income of $2.96. Earnings, adjusted for one-time gains and costs, came to $3.72 per share.

The maker of lasers for commercial and scientific uses posted revenue of $490.3 million in the period.

Coherent shares have climbed 93 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $265.47, more than doubling 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