Lumentum Holdings Sees Q2 Adj EPS $0.25-$0.35 vs $0.31 Est; Sees Sales $350M-$380M vs $314M Est
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings has provided its business outlook for the fiscal second quarter of 2024. The company expects net revenue to be in the range of $350 million to $380 million, non-GAAP operating margin of 2.0% to 4.0%, and non-GAAP diluted earnings per share of $0.25 to $0.35.
November 08, 2023 | 12:34 pm
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POSITIVE IMPACT
Lumentum's projected earnings and revenue for Q2 2024 are higher than estimates, which could positively impact its stock price.
Lumentum's projected earnings per share and revenue for Q2 2024 are higher than the estimates. This positive outlook could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100