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II-VI: Q2 Earnings Insights

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Benzinga Insights
·1 min read
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Shares of II-VI (NASDAQ:IIVI) moved higher by 2.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 200.00% over the past year to $1.08, which beat the estimate of $0.91.

Revenue of $786,569,000 up by 18.04% from the same period last year, which beat the estimate of $776,900,000.

Outlook

II-VI said it sees Q3 adjusted EPS of $0.81-$0.91 and sales of $760 million-$780 million.

Details Of The Call

Date: Feb 09, 2021

View more earnings on IIVI

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ac56gs8k

Technicals

Company's 52-week high was at $96.22

52-week low: $19.00

Price action over last quarter: Up 58.74%

Company Description

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 two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.

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