Lumentum Sees Q4 Adj. EPS ($0.05)-$0.10 vs $(0.14) Est., Net Revenue $290M-$315M vs $331.44M Est.
Portfolio Pulse from Benzinga Newsdesk
Lumentum provided its Q4 adjusted EPS guidance in the range of ($0.05) to $0.10, surpassing the estimated $(0.14). However, its net revenue forecast of $290M-$315M falls short of the expected $331.44M.
May 06, 2024 | 8:42 pm
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Lumentum's Q4 adjusted EPS guidance exceeds expectations, but its revenue forecast is below analyst estimates.
The positive EPS guidance could provide a short-term boost to Lumentum's stock price as it surpasses analyst expectations, indicating better-than-expected profitability. However, the lower revenue forecast could temper investor enthusiasm, as it suggests potential challenges in sales or market demand. The mixed guidance results in a neutral short-term impact score, reflecting the balancing of positive EPS guidance against the negative revenue outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100