Bullish Earnings Report COHR Beats Issues Upside Guidance

Date: 5/3/2011

Bullish Earnings Report COHR Beats Issues Upside Guidance Stock Trading Video on Coherent beats by $0.05, beats on revs; guides FY11 revs above consensus (COHR) 60.20 -1.76 : Reports Q2 (Mar) earnings of $0.83 per share, ex-items, $0.05 better than the Thomson Reuters consensus of $0.78; revenues rose 34.7% year/year to $200.9 mln vs the $192.7 mln consensus. Co issues upside guidance for FY11, sees FY11 revs of $790-$805 mln vs. $777.96 mln Thomson Reuters consensus.

COHR states, "Our record-setting bookings and revenue in the second quarter underscore the continuing strength in our commercial markets, especially in the microelectronics business. Demand for lasers used in the packaging of smartphones and the production of flat panel displays remains very high. We are expanding capacity and adding inventory to fulfill these orders for the balance of fiscal 2011 and into fiscal 2012."

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