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

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

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