Coherent Reports Q2 Results
SANTA CLARA, Calif., May 4, 2011 — Coherent Inc. announced yesterday that it has exceeded its own net sales projection for the second quarter of 2011.
The first quarter saw a 95 percent increase year-to-date, and Coherent projected its second-quarter net sales would range from $187 million to $192 million.
Yesterday, the company reported net sales of $200.9 million, up more than $149.2 million from Q2 2010, and net income of $23.7 million, up more than Q2 2010’s net income of $42.8 million.
Bookings...