II-VI Inc. Reveals 50% Advance In Q3 Bottom Line

(RTTNews) - II-VI Inc. (IIVI) reported a profit for its third quarter that advanced from last year.

The company said its bottom line totaled $21.8 million, or $0.35 per share. This was higher than $14.5 M, or $0.23 per share, in last year's third quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.0% to $200.9 million. This was up from $182.7 million last year.

II-VI Inc. earnings at a glance:

-Earnings (Q3): $21.8 Mln. vs. $14.5 M. last year. -Earnings Growth (Y-o-Y): 50.3% -EPS (Q3): $0.35 vs. $0.23 last year. -EPS Growth (Y-o-Y): 52.2% -Analysts Estimate: $0.28 -Revenue (Q3): $200.9 Mln vs. $182.7 Mln last year. -Revenue Change (Y-o-Y): 10.0%

-Guidance: Next quarter EPS guidance: $0.25 - $0.29 Next quarter revenue guidance: $200 - $210 Mln