News bites: II-VI sees quick gains from Finisar buy
Optical components maker II-VI beat Wall Streets earnings per share estimate for the fourth quarter in a row. The company reported earnings of $0.73 a share on revenue of $787 million during the second quarter of its fiscal year 2021. About 62% of its revenue came from the communications market, where it sells a wide range of products – things like optical amplifiers, subsystems and coherent optics – to vendors like Ciena and ZTE. The company is realizing gains from its 2019 Finisar acquisi...
Source: lightreading.com