LITE - These Analysts Revise Their Forecasts On Lumentum Holdings After Q2 Results | Benzinga
Lumentum Holdings Inc. (NASDAQ: LITE) posted better-than-expected second-quarter financial results on Thursday.
Lumentum posted adjusted earnings of 32 cents per share, compared to market estimates of 30 cents per share. The company’s quarterly sales came in at $366.80 million versus estimates of $363.32 million, according to data from Benzinga Pro.
Lumentum said it sees third-quarter adjusted earnings of 20 cents to 35 cents per share on revenue of $350 million to $380 million.
"Lumentum stands at the leading edge of photonics innovation, partnering with customers to enable the future of data centers and the networks that connect them. Given the surging bandwidth demands of AI data ...