Shares of II-VI IIVI moved higher by 3.2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 47.37% year over year to $0.84, which beat the estimate of $0.55.
Revenue of $728,084,000 higher by 113.89% from the same period last year, which missed the estimate of $730,510,000.
Guidance
Q2 EPS expected between $0.86 and $0.95.
Q2 revenue expected to be between $750,000,000 and $780,000,000.
How To Listen To The Conference Call
Date: Nov 05, 2020
Time: 09:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/8cqihiye
Technicals
52-week high: $52.97
52-week low: $19.00
Price action over last quarter: Up 5.13%
Company Profile
II-VI Inc manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in three segments: laser solutions, photonics, and performance products. The photonics segment contributes the largest proportion of revenue and manufactures customized optics and optical components. The laser solutions segment manufactures high-power lasers, laser diodes, laser material processing tools, and infrared optics. The performance products segment manufactures optical systems, thermoelectric modules, and products for semiconductor, defense, and industrial companies. II-VI generates the majority of its revenue outside the United States.
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