II-VI Shares Drop On Q2 Earnings Miss, Weaker Outlook; Provides Update On Coherent
II-VI Inc (NASDAQ:IIVI) reported second-quarter FY22 revenue growth of 2.6% year-on-year to $806.8 million, missing the consensus of $816.97 million. Segments: Photonic Solutions revenue increased 8.7% Y/Y to $525 million. Revenue from Compound Semiconductors declined 7.2% Y/Y to $281.8 million. II-VI recorded bookings of $1.1 billion, up 21% Y/Y, and a backlog of $1.7…
Benzinga ·
Benzinga
