Lumentum Holdings: Q2 Earnings Insights

Shares of Lumentum Holdings LITE fell 0.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 30.07% year over year to $1.99, which beat the estimate of $1.90.

Revenue of $478,800,000 higher by 4.59% from the same period last year, which missed the estimate of $480,680,000.

Outlook

Lumentum said it sees Q3 revenue of $425 million to $440 million and non-GAAP EPS of $1.31-$1.46.

Conference Call Details

Date: Feb 02, 2021

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=2948530&sessionid=1&key=56DAB69076F31197D16E8BC50F7E1CF6&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $112.08

52-week low: $59.06

Price action over last quarter: Up 16.52%

Company Profile

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.