II-VI (IIVI) Releases Earnings Results, Beats Expectations By $0.16 EPS

II-VI (IIVI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.24. The company posted revenue of $231.70 million in the period, compared to analysts expectations of $214.13 million. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

II-VI closed down -0.18 points or -0.89% at $20.1 with 2,09,660 shares getting traded on Friday. Post opening the session at $20.23, the shares hit an intraday low of $20.02 and an intraday high of $20.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 14, 2016, Vincent D Jr Mattera (President & COO) sold 11,000 shares at $20.01 per share price. According to the SEC, on Jun 9, 2016, Joseph J Corasanti (director) sold 33,400 shares at $20.63 per share price. On Jun 6, 2016, Thomas E Mistler (director) sold 5,000 shares at $20.50 per share price, according to the Form-4 filing with the securities and exchange commission.

II-VI Incorporated develops manufactures and markets engineered materials and opto-electronic components and products for precision use in industrial optical communications military semiconductor medical and life science and consumer applications. The Company has three segments: II-VI Laser Solutions II-VI Photonics and II-VI Performance Products. Its II-VI Laser Solutions segment designs manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand and used in carbon dioxide (CO2) lasers. Its II-VI Photonics segment manufactures crystal materials optics microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. Its II-VI Performance Products segment designs manufactures and markets infrared optical components and optical assemblies for military medical and commercial laser imaging applications.


Leave a Reply

II-VI - Is it time to Sell?

Top Brokerage Firms are advising their investors on II-VI. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.