SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Tuesday reported fiscal fourth-quarter earnings of $21.1 million.
On a per-share basis, the Santa Clara, California-based company said it had net income of 85 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.77 per share.
The maker of lasers for commercial and scientific uses posted revenue of $391.7 million in the period.
For the year, the company reported that its loss narrowed to $106.8 million, or $4.38 per share. Revenue was reported as $1.49 billion.
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