Coherent Shares Rally As Quarterly Earnings Top Street View

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.