Lumentum Holdings Expects Q1 Revenue of $300M-$325M Vs $369.1M Est, Adj EPS $0.20-$0.35 Vs $0.58 Est
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings has projected its Q1 revenue to be between $300M and $325M, which is lower than the estimated $369.1M. The company also expects its adjusted EPS to be between $0.20 and $0.35, compared to the estimated $0.58.
August 17, 2023 | 11:34 am
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NEGATIVE IMPACT
Lumentum's lower than expected Q1 revenue and adjusted EPS forecasts may negatively impact its stock price.
Lumentum's projected Q1 revenue and adjusted EPS are both lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100