II-VI, Inc. (IIVI) Misses Q1 EPS by 1c, Revs Beat

II-VI, Inc. (NASDAQ: IIVI) reported Q1 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $262 million versus the consensus estimate of $255.22 million.

“All of our segments got off to a great start in Q1,” said Dr. Vincent D. Mattera, Jr. President and CEO, II-VI Incorporated. “They all saw year-over-year growth in the end markets of materials processing, optical communications, and wireless communications. We did not experience as much seasonal softness as anticipated. We expect to see broad-based growth in fiscal year 2018 led by our core markets as well as our emerging markets, including 3D sensing, EUV lithography and the rapidly-developing electric vehicle ecosystem.”

For earnings history and earnings-related data on II-VI, Inc. (IIVI) click here.

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