Coherent (COHR) : Anyone else holding? Message Board

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Biotech / Medical : Coherent (COHR) : Anyone else holding?

COHR 154.52

-3.0%

Nov 7 9:30 AM EST

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To: Thomas J Pittman who wrote (499)	4/9/1998 10:23:00 PM
From: Ted The Technician	Read Replies (1) of 788

Coherent Sees Lower than Expected 3Q FY 98 Results COHERENT INC. Sees Fiscal 1998 Third Quarter Results Below Expectations Apr. 8, 1998, Coherent Inc. (Nasdaq:COHR - news) announced that it expects net income for the second fiscal quarter ended March 28 to be slightly lower than the $0.32 level achieved in the preceding quarter. COHR estimates that net income will approximate $0.29 per share versus street estimates of $0.32 to $0.37 per share. Sales are expected to be about $106,000,000 with a gross profit percentage of 49%-50%. Orders for the quarter were approximately $109,000,000. COHR said sales and gross profit margins were lower than anticipated due to manufacturing problems associated with yield issues on key purchased components included in some of the company's higher margin products. Thursday April 9, 4:10 pm Eastern Time- From Yahoo

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