Close

Search

Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Shifting Product Mix Cuts Coherent Earnings

Facebook Twitter LinkedIn Email Comments
SANTA CLARA, Calif., Oct. 31 -- Coherent Inc. said that earnings fell during its fourth fiscal quarter as the company's product mix shifted away from higher value telecom products and currency conversions worked against the company.

The company said that it booked pro forma income of $5.7 million, or 20 cents per share, excluding a charge of $5.8 million or 20 cents per share. That's down from income a year earlier of $9.5 million, or 33 cents per share, excluding a gain of $33.6 million.

Coherent said it plans to take a charge in the first fiscal quarter of 2002 of $1 million to $1.5 million to cover a restructuring that includes a work force reduction during the fourth quarter of 4 percent and of 3 percent, that was complete on Tuesday. Coherent said it expects sales to fall 10 percent to 15 percent from the fourth quarter. In the fourth quarter, it booked sales of $115 million, up from $108 million in the previous period.


Photonics.com
Oct 2001
CommunicationsNews & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.