Coherent Inc. shares rallied in the extended session Tuesday after the laser manufacturer topped Wall Street estimates for quarterly earnings. Coherent shares jumped 12% to $180 after hours. The company reported adjusted fiscal first-quarter earnings of $2.57 a share on revenue of $346.1 million. Analysts surveyed by FactSet had estimated earnings of $1.81 a share.
Copyright © 2017 MarketWatch, Inc.