II-VI Earnings: Here’s Why Shares are Up Now

II-VI Inc. (NASDAQ:IIVI) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.11%.

II-VI Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 27.27% to $0.16 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Rose 13.21% to $155 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: II-VI Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.23. It beat the average revenue estimate of $149.27 million.

Quoting Management: Francis J. Kramer, president and chief executive officer said, “We are pleased to report record revenues for the fourth quarter and fiscal year 2013. As global industrial customers continued to use and deploy CO2 lasers, Infrared Optics bookings for the quarter increased 10% from the same period last fiscal year. At our Marlow Industries subsidiary, revenues increased 33% from the year-ago quarter and 28% from the preceding quarter of 2013 as their new personal comfort product line gained traction. We also made substantial progress on integrating the three businesses that joined our Company through acquisitions in November and December 2012.”

Key Stats (on next page)…

Revenue increased 6.77% from $145.17 million in the previous quarter. EPS decreased 38.46% from $0.26 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.23 and has not changed. For the current year, the average estimate is a profit of $0.87, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)