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Why II-VI Stock Popped 10% This Morning

TheMotleyFool

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Shares of II-VI (NASDAQ: IIVI) stock popped more than 10% in early trading Tuesday after the maker of laser components announced stronger-than-expected sales in conjunction with an in-line earnings report last night.

Heading into earnings day, analysts had predicted II-VI would earn "adjusted" profits of $0.36 per share on sales of just $610.3 million. As it turned out, II-VI hit that earnings target -- and produced sales of $666.3 million.

II-VI shares remain up 5.2% as of 12:35 a.m. EST.

Source Fool.com

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