Edition:
India

Coherent Q4 Non-GAAP Earnings Per Share $3.22


Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - Coherent Inc ::COHERENT, INC. REPORTS FOURTH FISCAL QUARTER AND YEAR-END RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $3.22.Q4 GAAP EARNINGS PER SHARE $2.99.Q4 SALES $461.5 MILLION VERSUS I/B/E/S VIEW $462.2 MILLION.Q4 EARNINGS PER SHARE VIEW $2.96 -- THOMSON REUTERS I/B/E/S.COHERENT - QUARTER AFFECTED BY TWO EVENTS EVOLVED IN H2 OF QUARTER: EXECUTION ISSUES AT ONE OF OUR GERMAN SITES AND A DEMAND SLOWDOWN IN CHINA.DEMAND CHALLENGES IN CHINA ARE LARGELY DUE TO U.S. TARIFFS ON CHINESE MANUFACTURED GOODS.SAYS "CHINESE TARIFFS ON U.S. GOODS ARE ALSO AFFECTING DEMAND BUT TO A LESSER DEGREE".FOR FISCAL 2019 EXPECT YEAR-ON-YEAR SALES TO DECLINE BETWEEN 8-12% WITH SECOND HALF OF FISCAL 2019 BEING STRONGER THAN FIRST HALF. 

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113.37
2.82 +2.55%
24 May 2019