child_process.spawn returns an object with stdout and stderr streams. You can tap on the stdout stream to read data that the child process sends back to Node. stdout being a stream has the "data", "end", and other events that streams have. spawn is best used to when you want the child process to return a large amount of data to Node - image processing, reading binary data etc.
so you can solve your problem using child_process.spawn as used below.
var spawn = require('child_process').spawn,
ls = spawn('coffee -cw my_file.coffee');
ls.stdout.on('data', function (data) {
console.log('stdout: ' + data.toString());
});
ls.stderr.on('data', function (data) {
console.log('stderr: ' + data.toString());
});
ls.on('exit', function (code) {
console.log('code ' + code.toString());
});