* Q1 adj EPS $0.85 vs est. $0.69
* Q1 rev up 49 pct
* Sees 2011 rev $760-$780 mln
* Shares rise 13 pct after market
Jan 28 Laser manufacturer Coherent Inc (COHR.O)
reported better-than-expected quarterly results, helped by
higher flat panel display sales, and forecast 2011 revenue
above analysts' expectations on strong bookings.
For the first quarter, the company reported earnings of
$19.1 million, or 76 cents per share, compared with $4.2
million, or 17 cents per share a year ago.
Excluding items, it earned 85 cents per share.
Net sales rose 49 percent to $183.1 million.
Analysts on average were expecting earnings of 69 cents per
share on revenue of $176.8 million, according to Thomson
For 2011, the company forecast revenue of $760 million to
Analysts were expecting revenue of $716 million.
Bookings received during the three months ended Jan. 1,
2011 of $234.4 million rose 48 percent from $158.4 million in
the same prior year period, the company said.
Shares of the California-based company were up 13 percent
at $53.50 in trading after the bell after closing at $47.43 on
Thursday on Nasdaq.
(Reporting by Bijoy Koyitty in Bangalore; Editing by Joyjeet