II-VI (IIVI) Numbers Trimmed at Needham & Company; 'Buy' Maintained

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Go back to II-VI (IIVI) Numbers Trimmed at Needham & Company; 'Buy' Maintained

II-VI Inc. (IIVI) Cuts Q3, FY14 Outlook

March 17, 2014 6:52 AM EDT

II-VI Incorporated (Nasdaq: IIVI) announced updated guidance for its third fiscal quarter ending March 31, 2014 and the fiscal year ending June 30, 2014.

For the third fiscal quarter ending March 31, 2014 the Company currently expects revenues from continuing operations to range from $165 million to $170 million, which is below the Company's prior guidance provided January 28, 2014 of $175 million to $180 million. The Company now currently expects that earnings per share from continuing operations for the third fiscal quarter ending March 31, 2014 will range from $0.10 to $0.13, which is below the Company's prior guidance provided January 28, 2014 of $0.15 to $0.18.

For the fiscal year... More