Market Overview

Lumentum Holdings: Q1 Earnings Insights

Share:

 

Shares of Lumentum Holdings (NASDAQ:LITE) moved higher by 4.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 23.61% over the past year to $1.78, which beat the estimate of $1.47.

Revenue of $452,400,000 higher by 0.56% year over year, which beat the estimate of $441,820,000.

Guidance

Q2 EPS expected to be between $1.70 and $1.90.

Q2 revenue expected to be between $465,000,000 and $485,000,000.

How To Listen To The Conference Call

Date: Nov 02, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestor.lumentum.com%2F&eventid=2628099&sessionid=1&key=D143984CDFC8A659B04E0F5081AC4916&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $96.73

Company's 52-week low was at $55.62

Price action over last quarter: down 7.39%

Company Overview

Lumentum Holdings Inc is a California-based technology firm. Lumentum provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics.

 

Related Articles (LITE)

View Comments and Join the Discussion!

Posted-In: Earnings News