II-VI Stock Falls After Q4 Results, Notes Gross Margin Pressure
II-VI Inc (NASDAQ:IIVI) reported fourth-quarter FY21 revenue growth of 8.3% year-on-year to $808 million, beating the analyst consensus of $783.33 million.…
Recap: II-VI Q4 Earnings
Shares of II-VI (NASDAQ:IIVI) moved higher by 0.8% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share fell 25.42% year over year to $0.88, which beat the estimate of $0.76.
II-VI Q4 EPS $0.88 Beats $0.76 Estimate, Sales $808.00M Beat $783.33M Estimate
II-VI (NASDAQ:IIVI) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.76 by 15.79 percent. This is a 25.42 percent decrease over earnings of $1.18 per share from the same
Earnings Scheduled For August 10, 2021
Companies Reporting Before The Bell
• Nautilus Biotechnology (NASDAQ:NAUT) is expected to report earnings for its second quarter.
Unusual Options Activity Insight: II-VI
Shares of II-VI (NASDAQ:IIVI) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved up to $68.45.
II-VI Earnings Preview
On Tuesday, August 10, II-VI (NASDAQ:IIVI) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
10 Information Technology Stocks Showing Unusual Options Activity In Today’s Session
This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.
Citigroup Downgrades II-VI to Neutral, Lowers Price Target to $75
Citigroup analyst Amanda Scarnati downgrades II-VI (NASDAQ:IIVI) from Buy to Neutral and lowers the price target from $90 to $75.
II-VI Incorporated and Coherent, Inc. Announce Respective Shareholder and Stockholder Approvals for Merger Agreement
II‐VI Incorporated (NASDAQ:IIVI) and Coherent, Inc. (NASDAQ:COHR) today announced that II-VI’s shareholders and Coherent’s stockholders have each voted overwhelmingly to adopt and approve, as applicable, all