Why Lumentum Holdings Stock Got Trounced on Tuesday [Yahoo! Finance]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
investor.lumentum.com/investors/default.aspx
Company Research
Source: Yahoo! Finance
The company's share price dived by more than 6% in reaction to its latest earnings release. By contrast, the S&P 500 index ended the day marginally in positive territory (at 0.1%). Double beat on the top and bottom lines... For its fiscal third quarter, Lumentum earned $366.5 million in net revenue, which was 4% below the same period of fiscal 2023. Non-GAAP (adjusted) net income suffered a steeper fall, tumbling to $19.6 million ($0.29 per share) from the year-ago profit of $51.8 million. On average, analysts tracking Lumentum stock were anticipating $364.7 million on the top line and $0.26 for adjusted, per-share net income. During the quarter, Lumentum struggled with lower spending by the telecom sector that it depends upon. This dynamic should persist over the next few quarters, the company added. ...but discouraging guidance for both Lumentum management proffered guidance for the entirety of the company's current (fourth) quarter. Net revenue is expected to land at $2
Show less
Read more
Impact Snapshot
Event Time:
LITE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LITE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LITE alerts
High impacting Lumentum Holdings Inc. news events
Weekly update
A roundup of the hottest topics
LITE
News
- 2 Laser Systems Stocks to Watch in a Challenging Industry [Yahoo! Finance]Yahoo! Finance
- Lumentum Announces Upcoming Investor EventsBusiness Wire
- TTM Technologies, Inc. Appoints Wajid Ali to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Wilson Sonsini Continues Antitrust and Competition Expansion With the Return of Jamillia Ferris and Matthew McDonald [Yahoo! Finance]Yahoo! Finance
- Lumentum Holdings Inc. (NASDAQ:LITE) Just Reported And Analysts Have Been Cutting Their Estimates [Yahoo! Finance]Yahoo! Finance
LITE
Earnings
- 5/6/24 - Beat
LITE
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- LITE's page on the SEC website