Lumentum Holdings Q2 2024 Adj EPS $0.32 Beats $0.30 Estimate, Sales $366.80M Beat $363.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings (NASDAQ:LITE) reported Q2 2024 adjusted EPS of $0.32, surpassing the $0.30 estimate, with sales of $366.80M also beating the $363.32M estimate. However, this represents a 27.51% decrease in sales compared to the same period last year.
February 08, 2024 | 12:31 pm
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NEUTRAL IMPACT
Lumentum Holdings reported higher than expected Q2 2024 earnings and sales, but with a significant year-over-year decrease in sales.
While Lumentum Holdings beating earnings and sales estimates is positive, the significant decrease in sales year-over-year could concern investors about the company's growth trajectory. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100