II-VI, Inc. (IIVI) Reports In-Line Q2 EPS, Revenues Beat; Offers Q3 EPS/Revenue Guidance Below Consensus

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Go back to II-VI, Inc. (IIVI) Reports In-Line Q2 EPS, Revenues Beat; Offers Q3 EPS/Revenue Guidance Below Consensus

II-VI Incorporated Reports Fiscal 2020 Second Quarter Results

February 10, 2020 4:06 PM EST

First Complete Fiscal Quarter with Finisar
Revenue Exceeded Top End of Guidance

Quarterly Revenue of $666.3 million, Exceeded Top End of our Guidance by 6% and the Analysts Consensus by 9%, with Strength Across Most MarketsQuarterly GAAP Operating Loss Includes $91 million of One Time Transaction ExpensesQuarterly Adjusted Operating Income Increased 28% SequentiallyContinuing Progress on Integration and Cost Synergy Strategies

PITTSBURGH, Feb. 10, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) ("II-VI" or the "Company") today reported... More