Lumentum Holdings shares are trading lower after company reported upbeat fourth-quarter results and below-consensus guidance for first-quarter.
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings reported better than expected fourth-quarter results but provided a below-consensus guidance for the first quarter, leading to a drop in its share price.
August 17, 2023 | 12:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lumentum Holdings' shares are trading lower due to the company's below-consensus guidance for the first quarter, despite positive Q4 results.
Lumentum Holdings' shares are trading lower as the company's below-consensus guidance for the first quarter outweighs the positive impact of its better than expected Q4 results. This suggests that investors are concerned about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100