Lumentum Holdings: Q1 Earnings Insights
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
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.
