Earnings Labs

Coherent, Inc. (COHR)

Q3 2009 Earnings Call· Tue, Aug 4, 2009

$302.25

-0.85%

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Same-Day

-2.20%

1 Week

-2.37%

1 Month

+7.59%

vs S&P

+7.64%

Transcript

Transcript

Operator

Executives John Ambroseo - President and Chief Executive OfficerHelene Simonet - Executive Vice President, Chief Financial OfficerAnalysts Larry Solow - CJS SecuritiesMark Douglas - Longbow ResearchJiwon Lee - Sidoti & Co.Ajit Pai - Thomas Weisel PartnersOperator Good day, ladies and gentlemen and welcome to the Coherent Q3 ‘09 earnings conference call hosted by Coherent, Inc. At this time all participants are in listen-only mode. At the conclusion of our prepared remarks we will conduct a question-and-answer session. (Operator Instructions) I would now like to introduce Ms. Helene Simonet, Executive Vice President and Chief Financial Officer. You may begin your conference.Helene Simonet Thank you. Good afternoon and welcome to our fiscal 2009 third quarter conference call. On today’s call I will provide financial information and John Ambroseo, our President and CEO will provide a business overview. As a reminder any guidance and any statements on today’s conference call pertaining to future guidance, plans, events, or performance.Our forward-looking statements that involve risks and uncertainties and actual results may differ significantly. We encourage you to refer to the risk disclosure described in the company’s reports on Form 10-K, 10-Q and 8-K as applicable and is filed from time-to-time by the company. These forward-looking statements are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act.The full text of today’s prepared remarks, which will include references to historical bookings and sales by market will be posted on the Coherent Investor Relation’s website. A replay of the webcast will be made available for approximately 90 days following the call. We report the third quarter revenues of $98.5 million and a GAAP loss of $7 million or $0.29 per share.On a pro forma basis, the third quarter net loss was $2.2 million or $0.09 per share. The GAAP to pro forma pre-tax reconciliation…