II-VI (Nasdaq: IIVI) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q3), II-VI met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded. GAAP earnings per share expanded.

Gross margins dropped, operating margins shrank, net margins increased.

Revenue details
 II-VI logged revenue of $145.2 million. The five analysts polled by S&P Capital IQ foresaw revenue of $146.8 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $132.6 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 $0.25. The four earnings estimates compiled by S&P Capital IQ forecast $0.26 per share. GAAP EPS of $0.25 for Q3 were 14% higher than the prior-year quarter's $0.22 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 35.1%, 250 basis points worse than the prior-year quarter. Operating margin was 12.4%, 330 basis points worse than the prior-year quarter. Net margin was 10.9%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $158.7 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $563.7 million. The average EPS estimate is $0.93.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,282 members out of 1,304 rating the stock outperform, and 22 members rating it underperform. Among 352 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 346 give II-VI a green thumbs-up, and six 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 $19.40.

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