II-VI Incorporated (IIVI) Tops Q3 EPS by 4c, Issues Mixed Guidance for Q4 and FY08

April 22, 2008 7:10 AM EDT

II-VI Incorporated (Nasdaq: IIVI) reports Q3 EPS of $0.44, 4 cents better than estimates. Revenues were $81 million vs. $81.67 million consensus.

For the fourth fiscal quarter ending June 30, 2008, the Company currently forecasts revenues from continuing operations to range from $85.0 million to $88.0 million and earnings per share from continuing operations to range from $0.40 to $0.44. (Q4 revenue consensus is $87.60 million and EPS consensus is $0.43)

For the fiscal year ending June 30, 2008, the Company expects revenues from continuing operations to range from $309 million to $312 million and earnings per share from continuing operations to range from $2.05 to $2.09. Net earnings from continuing operations for the fiscal year ending June 30, 2008 include the after-tax gain on sale of equity investment of $0.52 per share. (FY08 revenue consensus is $316.19 million and EPS consensus is $1.51 (excludsing sale of equity investment listed above)

II-VI Incorporated (II-VI) develops, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, medical, military, security and aerospace applications. [SM]

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