SAXONBURG, Pa. (AP) _ II-VI Inc. (IIVI) on Monday reported fiscal third-quarter profit of $5.9 million.

On a per-share basis, the Saxonburg, Pennsylvania-based company said it had profit of 6 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 47 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The Laser and optics manufacturer posted revenue of $627 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $578.2 million.

For the current quarter ending in June, II-VI expects its per-share earnings to range from 50 cents to 70 cents.

The company said it expects revenue in the range of $650 million to $700 million for the fiscal fourth quarter.

II-VI shares have risen nearly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $36.31, a drop of roughly 3% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IIVI at https://www.zacks.com/ap/IIVI

Automated Insights, source Associated Press News