Coherent's third quarter results paint a mixed picture
Laser giant reports revenue rise but profit drop due to higher costs; outlines consolidation and cost-cutting plan.
Source: optics.org
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Laser giant reports revenue rise but profit drop due to higher costs; outlines consolidation and cost-cutting plan.
Revenue of $1.24 billion, Grew 50% Year-Over-YearOrganic Revenue Growth of 6% Year-Over-YearBacklog of $2.6 billion, Grew 23% Year-Over-YearQuarterly Operating Cash Flow of $152 millionGAAP EPS of $(0.24)