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Coherent, Inc. Reports Strong First Fiscal Quarter Results and Raises Annual Sales Guidance
Date:1/28/2010

2010 2009 2008 ---- ---- ---- Net sales $122,815 $107,593 $124,388 Cost of sales (A)(B)(E) 71,783 70,093 73,999 ------ ------ ------ Gross profit 51,032 37,500 50,389 Operating expenses: Research & development (A)(B)(E) 15,410 15,500 14,778 Selling, general & administrative (A)(B)(C)(E) 27,979 27,285 23,628 Impairment of goodwill(D) - - 19,286 Intangibles amortization 1,961 1,722 1,943 ----- ----- ----- Total operating expenses 45,350 44,507 59,635 ------ ------ ------ Income (loss) from operations 5,682 (7,007) (9,246) Other income (expense), net(E) 792 1,803 (4,230) --- ----- ------ Income (loss) before income taxes 6,474 (5,204) (13,476) Provision (benefit) for income taxes(F) 2,295 (709) 1,203 ----- ---- ----- Net income (loss) $4,179 $(4,495) (14,679) ====== ======= ======= Net income (loss) per share: Basic $0.17 $(0.18) $(0.61) ===== ====== ====== Diluted $0.17 $(0.18) $(0.61) ===== ==
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SOURCE Coherent, Inc.
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