Coherent publishes second-quarter income

For the second fiscal quarter ended 3 April 2010, photonics-based solutions provider Coherent announced net sales of $149.2m (£97.8m) and GAAP net income of $8.5m, or $0.34 per diluted share.

These results compare to net sales of $105.4m and a net loss of $9.1m, or $0.38 per share, for the second quarter of fiscal 2009 and net sales and income for the first quarter of 2010 of $122.8m and $4.2m, or $0.17 per diluted share, respectively. 

Non-GAAP net income for the second quarter of fiscal 2010 was $11.3m or $0.45 per diluted share, while non-GAAP net income for the second quarter of fiscal 2009 was $0.3m, or $0.01 per diluted share.

Non-GAAP net income for the first quarter of fiscal 2010 was $5.1m, or $0.21 per diluted share.