Lumentum Holdings Q4 Adj EPS $0.59 Beats $0.55 Estimate, Sales $370.80M Beat $366.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings (NASDAQ:LITE) reported Q4 earnings of $0.59 per share, beating the analyst consensus estimate of $0.55 by 7.27%. However, this is a 59.86% decrease from the same period last year. The company also reported quarterly sales of $370.80 million, beating the analyst consensus estimate of $366.47 million by 1.18%, but this is a 12.15% decrease from the same period last year.
August 17, 2023 | 11:31 am
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Lumentum Holdings beat Q4 earnings and sales estimates, but reported significant decreases from the same period last year.
While Lumentum Holdings beat Q4 earnings and sales estimates, the significant year-over-year decreases in both earnings and sales could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock price.
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