II-VI beats by $0.04, beats on revs; guides Q1 EPS in-line, revs above consensus
6:57 AM ET 8/24/22 | Briefing.com
Reports Q4 (Jun) earnings of $0.98 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.94; revenues rose 9.7% year/year to $887 mln vs the $858.96 mln S&P Capital IQ Consensus. Co issues guidance for Q1, sees EPS of $0.77-0.90, excluding non-recurring items, vs. $0.85 S&P Capital IQ Consensus; sees Q1 revs of $1.3-1.4 bln vs. $1.25 bln S&P Capital IQ Consensus."On September 8, 2022, we will transition to our new name, Coherent Corp., launch our new brand, and begin trading with a new ticker symbol (COHR), signaling an exciting new era for the Company and all our employees, investors, and other stakeholders."
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