Lumentum's stock surges after profit and sales beat offset downbeat outlook [MarketWatch]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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Source: MarketWatch
Lumentum's stock surges after profit and sales beat offset downbeat outlook Shares of Lumentum Holdings Inc. LITE, +12.68% soared 5.6% in premarket trade, after the optical networking products company reported fiscal second-quarter results that beat expectations, offsetting a downbeat outlook. Net income for the quarter to Dec. 30 rose to $204.8 million, or $3.17 a share, up from $11.8 million, or 19 cents a share, in the same period a year ago. Excluding non-recurring items, such as the one-time effects of recent tax legislation, adjusted earnings per share came to $1.67, above the FactSet consensus of $1.13. Revenue rose 53% to $404.6 million, beating the FactSet consensus of $357.0 million, boosted by strength in its 3D sensing, ROADM, industrial and telecom pump laser businesses. Looking ahead, the company expects fiscal third-quarter adjusted EPS of 65 cents to 80 cents, below the FactSet consensus of 93 cents, and revenue of $280 million to $305 million, which is below expect
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LITE
Earnings
- 5/6/24 - Beat
LITE
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 2/27/24 - Form 8-K
- LITE's page on the SEC website