Raymond James Starts II-VI, Inc. (IIVI) at Outperform
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II-VI, Inc. (IIVI) Misses Q1 EPS by 3c, Revenues Beat; Offers Q2 EPS/Revenue Guidance Below Consensus
November 12, 2019 6:57 AM ESTII-VI, Inc. (NASDAQ: IIVI) reported Q1 EPS of $0.57, $0.03 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $340.4 million versus the consensus estimate of $335.73 million.
II-VI completes its acquisition of Finisar on September 24, 2019Total revenue increased 8% compared to the same period last fiscal yearAdjusted operating income increases 6% from the same period last fiscal yearLegacy II-VI generated revenue of $318.4M, EPS of $0.34 and adjusted EPS of $0.57Acquisition and related costs in the quarter were $59.9MOn September 24th, we closed the Finisar... More
