RTTNews | Nov 9, 2021 04:23PM EST

16:22 Tuesday, November 9, 2021 (RTTNews.com) - COHERENT INC (COHR) released a profit for its fourth quarter that advanced from the same period last year.

The company's earnings totaled $21.1 million, or $0.85 per share. This compares with $7.7 million, or $0.32 per share, in last year's fourth quarter.

Excluding items, COHERENT INC reported adjusted earnings of $44.0 million or $1.77 per share for the period.

Analysts had expected the company to earn $2.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.6% to $391.7 million from $316.8 million last year.

COHERENT INC earnings at a glance:

-Earnings (Q4): $44.0 Mln. vs. $24.5 Mln. last year.-EPS (Q4): $1.77 vs. $1.01 last year.-Analysts Estimate: $2.12-Revenue (Q4): $391.7 Mln vs. $316.8 Mln last year.

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