SANTA CLARA, Calif. (AP) _ Coherent Inc. (COHR) on Wednesday reported a loss of $158.2 million in its fiscal second quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of $6.49. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to $1.42 per share.
The maker of lasers for commercial and scientific uses posted revenue of $374 million in the period.
Coherent shares have increased 76% since the beginning of the year. The stock has climbed 81% in the last 12 months.
The Associated Press