II-VI Inc. Q1 Profit Decreases - Quick Facts

(RTTNews) - II-VI Incorporated (IIVI) reported that its first-quarter net earnings decreased to $9.7 million, or $0.15 per share, from $12.7 million, or $0.20 per share, last year. Adjusted net earnings were $13.7 million or $0.21 per share, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.20 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 14% to $151.2 million from $132.3 million, last year. Analysts expected revenue of $146.53 million for the quarter.