II-VI: Fiscal 1Q Earnings Snapshot

SAXONBURG, Pa. (AP) _ II-VI Inc. (IIVI) on Thursday reported fiscal first-quarter earnings of $26.1 million.

On a per-share basis, the Saxonburg, Pennsylvania-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 56 cents per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 56 cents per share.

The Laser and optics manufacturer posted revenue of $314.4 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $310.2 million.

II-VI shares have declined 20 percent since the beginning of the year. The stock has declined 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IIVI at https://www.zacks.com/ap/IIVI