II-VI Incorporated Reports Solid Fiscal 2017 First Quarter Results; Optical Communications Remains Strong and Growing; Company Accelerates New Technology Platform Investment

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Go back to II-VI Incorporated Reports Solid Fiscal 2017 First Quarter Results; Optical Communications Remains Strong and Growing; Company Accelerates New Technology Platform Investment

Needham & Company Raises Price Target on II-VI, Inc. (IIVI) Following 1Q Beat

October 25, 2016 2:26 PM EDT

Needham & Company reiterated a Buy rating on II-VI, Inc. (NASDAQ: IIVI), and raised the price target to $32.00 (from $29.00), following the company's 1Q earnings report. Revenues were up 17% y/o/y to $221.5M, toward the upper end of guidance of $210M-$225M and above consensus of $220M. EPS... More

II-VI, Inc. (IIVI) Tops Q1 EPS by 11c; Guides Q2 Modestly Above the Street

October 25, 2016 6:57 AM EDT

II-VI, Inc. (NASDAQ: IIVI) reported Q1 EPS of $0.35, $0.11 better than the analyst estimate of $0.24. Revenue for the quarter came in at $244.3 million versus the consensus estimate of $220.04 million.

GUIDANCE:

II-VI, Inc. sees Q2 2017 EPS of $0.24-$0.29, versus the consensus of... More