Coherent Inc. announced earnings results for the first quarter ended December 29, 2018. For the first quarter, the company announced sales was USD 383.146 million compared to USD 477.565 million a year ago. Operating income was USD 52.811 million compared to USD 109.323 million a year ago. Net income was USD 35.550 million compared to USD 41.901 million a year ago. Basic earnings per share was USD 1.46 compared to USD 1.7 a year ago. Diluted earnings per share was USD 1.45 compared to USD 1.67 a year ago.