Sequential Declines Scare II-VI Investors
Lasers have become a hot commodity, and users in the industrial sector have found applications for lasers that have stoked demand for the products. II-VI (NASDAQ: IIVI) has been able to cash in on laser demand, and that has made investors increasingly optimistic about the company's ability to accelerate its growth to new heights.
Coming into Tuesday's fiscal first-quarter report, II-VI investors had extremely high expectations about the company's ability to produce strong results. II-VI's numbers showed extremely good year-over-year growth, but declines compared to more recent periods seemed to make some of its shareholders nervous. Let's take a closer look at how II-VI did and what's coming down the road for the laser maker.
Image source: II-VI.
Source: Fool.com
