Coherent, Inc. (COHR) Tops Q3 EPS by 6c
Coherent, Inc. (NASDAQ: COHR) reported Q3 EPS of $0.91, $0.06 better than the analyst estimate of $0.85. Revenue for the quarter came in at $213.7 million versus the consensus estimate of $208.1 million.
"There are a number of interesting opportunities as we finish fiscal 2013 and enter fiscal 2014. We expect to see meaningful orders in our laser annealing business as early as the current quarter and extending into fiscal 2014. We shipped a 3 kilowatt fiber laser prototype to a lead customer and the initial test results are positive. The next phase of testing is field deployment qualification, which is the precursor to a volume commercial order. And finally, we have delivered lasers to a number of customers who are developing processes for strengthened glass cutting," said John Ambroseo, Coherent's President and CEO.
For earnings history and earnings-related data on Coherent, Inc. (COHR) click here.
"There are a number of interesting opportunities as we finish fiscal 2013 and enter fiscal 2014. We expect to see meaningful orders in our laser annealing business as early as the current quarter and extending into fiscal 2014. We shipped a 3 kilowatt fiber laser prototype to a lead customer and the initial test results are positive. The next phase of testing is field deployment qualification, which is the precursor to a volume commercial order. And finally, we have delivered lasers to a number of customers who are developing processes for strengthened glass cutting," said John Ambroseo, Coherent's President and CEO.
For earnings history and earnings-related data on Coherent, Inc. (COHR) click here.