II‑VI Inc. (IIVI) Cuts Q4, FY12 Outlook; Guides FY13 Below Views

II‑VI Incorporated (Nasdaq: IIVI) adjusted fourth quarter and fiscal year 2012 outlook and introduced fiscal year 2013 full year revenue and earnings guidance.

For the fourth fiscal quarter ending June 30, 2012, the Company currently forecasts revenues to range from $135 million to $137 million and earnings per share to range from $0.23 to $0.25. For the fiscal year ending June 30, 2012, the Company currently expects revenues to range from $533 million to $535 million and earnings per share to range from $0.94 to $0.96.

IIVI previously saw Q4 EPS of $0.27 - $.31 and sales of $137 - $142 million and FY12 EPS of $0.98 $1.02 and sales of $537 - $540 million.

The Street sees Q4 EPS of 29 cents and revs of $141.1 million and FY12 EPS of $1.01 and revs of $538.84 million.

For the fiscal year ending June 30, 2013, the Company expects revenues to range from $582 million to $588 million and earnings per share to range from $1.14 to $1.21.

Analysts are expecting EPS of $1.34 and sales of $592.95 million.

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