Lumentum Analysts Increase Their Forecasts Following Upbeat Earnings
LITELumentum(LITE) Benzinga·2024-11-09 03:24

Lumentum Holdings Inc. LITE reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates on Thursday.Lumentum reported quarterly earnings of 18 cents per share which beat the analyst consensus estimate of 12 cents per share. The company reported quarterly sales of $336.900 million which beat the analyst consensus estimate of $324.977 million.“In the first quarter, we exceeded the high end of our guidance for both revenue and earnings per share,” said Alan ...