NEW YORK (Thomson Financial) - II-VI Inc. Friday said it would sell its
X-ray and gamma-ray radiation sensor divisions.
The company retained Roth Capital Partners to assist it with the sale.
The Pittsburgh-based engineering company also said preliminary third-quarter
revenue was $81 million, compared with the mean estimate of analysts polled by
Thomson Financial of $82.2 million. The company posted bookings of $93 million
during the quarter.
Shares of II-VI rose 1 cent to $39.19 Friday.
Ryan Vlastelica
rv/vj
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|