LITE - Lumentum beats Q4 top and bottom line estimates; initiates Q1 outlook

2023-08-17 07:33:15 ET

• Lumentum press release ( NASDAQ: LITE ): Q4 Non-GAAP EPS of $0.59 beats by $0.04 .
• Revenue of $370.8M (-12.2% Y/Y) beats by $4.25M .
• The Company held $2,013.6 million in total cash, cash equivalents, and short-term investments at the end of the fiscal fourth quarter of 2023, an increase of $346.4 million from the third quarter of 2023.

• Lumentum expects the following for the fiscal first quarter of 2024:

  • Net revenue in the range of $300 million to $325 million vs. consensus of $368.51M.
  • Non-GAAP operating margin of 1.0% to 4.0%.
  • Non-GAAP diluted earnings per share of $0.20 to $0.35 vs. consensus of $0.57.

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