II-VI (IIVI) Reports In-Line Q3 EPS of $0.23; Guides Q4, FY09

April 21, 2009 9:14 AM EDT

II-VI Incorporated (Nasdaq: IIVI) reports Q3 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter was $64.11 million, versus the consensus of $66.20 million.

Sees Q4 sales of $58-$62 million with EPS from continuing operations of $0.14-$0.18. The Street is currently expecting Q4 sales and EPS of $68.13 million and $0.23, respectively.

For FY09, sales are expected to be $284-$288 million, versus the consensus of $296.37 million, with EPS of $1.22-$1.26, versus the Street estimate of $1.20.


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