LITE News and Press, Lumentum Holdings Inc. From 05/09/23

2023-05-09 12:31:08 ET Lumentum Holdings Inc. (LITE) Q3 2023 Results Conference Call May 09, 2023 08:30 AM ET Company Participants Kathy Ta - VP, IR Alan Lowe - President and CEO Wajid Ali - CFO Chris Coldren - SVP and Chief Strategy and Corporate Development...

2023-05-09 07:33:23 ET Lumentum press release ( NASDAQ: LITE ): Q1 Non-GAAP EPS of $0.75 misses by $0.03 . Revenue of $383.4M (-3.0% Y/Y) beats by $1.05M . Lumentum expects the following for the fiscal fourth quarter 2023: Net revenue in the range of $3...

Net revenue of $383.4 million GAAP gross margin of 29.2%; Non-GAAP gross margin of 40.8% GAAP operating loss of 13.4%; Non-GAAP operating margin of 13.4% GAAP diluted net loss per share of $0.57; Non-GAAP diluted net income per share of $0.75 Lumentum Holdings ...

2023-05-08 12:04:54 ET Lumentum ( NASDAQ: LITE ) is scheduled to announce FQ3 earnings results on Tuesday, May 9th, before market open. The consensus EPS Estimate is $0.78 (-34.5% Y/Y) and the consensus Revenue Estimate is $382.35M (-3.3% Y/Y). Over the last 2 years, L...

2023-04-17 07:37:15 ET Lumentum ( NASDAQ: LITE ) shares rose more than 2% in premarket trading on Monday as investment firm J.P. Morgan upgraded the photonic technology company, noting that even though there are concerns about competition in the 3D sensing market, Wall Street is...

2023-04-12 17:21:37 ET Summary Coherent's stock has struggled to gain any footing over the past year, down around 50% despite completing their merger with IIVI. The company has continued to grow revenue and earnings despite this price pullback and now trades deeply discounted to p...

2023-04-10 10:15:00 ET For smaller companies, losing business from a big customer can be painful. That was the case recently for Lumentum (NASDAQ: LITE) , a maker of optical networking and laser components. In early April, Lumentum reported that a top customer had canceled a large o...

2023-04-07 09:59:52 ET Lumentum 's (NASDAQ: LITE) stock plunged nearly 10% on April 6 after the producer of optical chips and lasers posted its latest earnings report. For the second quarter of fiscal 2023, which ended on Dec. 31, its revenue rose 13% year over year to $506 million ...

2023-04-06 08:23:15 ET Lumentum Holdings ( LITE ) -14% on lowering Q3 expectations. Scilex Holding Company ( SCLX ) -13% a nnounces p ostponement of annual meeting of stockholders. AMC Entertainment Holdings ( APE ) -12% as court rules against c...

2023-04-06 08:16:13 ET Lumentum ( NASDAQ: LITE ) shares tumbled more than 12% in premarket trading on Thursday as investment firm Rosenblatt downgraded the photonic technology company after it negatively pre-announced its third-quarter results. Analyst Mike Genovese ...