SAXONBURG, Pa.-- II-VI Inc. posted a 32 percent decline in net income for the first quarter as customers delayed orders for engineered materials and optical components in the shaky global economy. The company earned $12.7 million, or 20 cents per share, down from $18.7 million, or 30 cents per share, in the same quarter last year.
Take a look at some of Friday's midday movers:
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Here's our contest "stock report" on what you're buying and selling and well with. Best and worst performers are being doming by earnings news. And Vonage got quite a boost yesterday, from the news of a court ruling in it's favor--in it's attempt to sign up new customers while it fights a patent suit from Verizon. We reported that in the blog yesterday. So Vonage ended up in best performer, most active and widely held--a trifecta for sure.