II-VI (Nasdaq: IIVI) reported earnings on Jan. 22. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q2), II-VI missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share shrank.

Gross margins grew, operating margins grew, net margins dropped.

Revenue details
 II-VI recorded revenue of $125.9 million. The five analysts polled by S&P Capital IQ hoped for a top line of $138.3 million on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $126.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.20. The five earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.19 for Q2 were 9.5% lower than the prior-year quarter's $0.21 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 37.2%, 290 basis points better than the prior-year quarter. Operating margin was 11.9%, 70 basis points better than the prior-year quarter. Net margin was 9.7%, 80 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $156.8 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $593.7 million. The average EPS estimate is $1.01.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,286 members out of 1,306 rating the stock outperform, and 20 members rating it underperform. Among 421 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 416 give II-VI a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on II-VI is outperform, with an average price target of $19.38.

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