Coherent inc reports q1 non-gaap eps of $0.86

Coherent, inc. reports first fiscal quarter results.q1 gaap earnings per share $0.24.q1 non-gaap earnings per share $0.86.q1 sales $320.8 million versus refinitiv ibes estimate of $318.2 million.q1 earnings per share estimate $0.77 -- refinitiv ibes data.coherent - overall market conditions appear to be stabilizing, demand trends in certain end markets were encouraging in q1.have assumed a revenue decrease of $20 million to $25 million as impact on second fiscal quarter outlook.developing trend stemming from novel coronavirus outbreak will have an adverse effect on co's financial performance.coherent- magnitude of impact from coronavirus won't be understood until china-based customer, supplier work forces return from lunar new year holiday.coherent - board has approved an authorization for co to repurchase, from time to time, an aggregate of $100 million of its common stock.repurchase program will expire on january 31, 2021 if not fully utilized earlier.q2 revenue view $337.5 million -- refinitiv ibes data.
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