Lumentum Holdings Q4 Adj $0.06 Beats $0.03 Estimate, Sales $308.30M Beat $300.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumentum Holdings (NASDAQ:LITE) reported Q4 earnings of $0.06 per share, beating the analyst estimate of $0.03. Sales were $308.30 million, surpassing the $300.80 million estimate. However, both earnings and sales decreased significantly compared to the same period last year.
August 14, 2024 | 8:03 pm
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Lumentum Holdings reported Q4 earnings of $0.06 per share, beating the $0.03 estimate, and sales of $308.30 million, surpassing the $300.80 million estimate. Despite beating estimates, both earnings and sales decreased significantly YoY.
Lumentum Holdings beat both earnings and sales estimates, which is positive news. However, the significant YoY decrease in both metrics may temper investor enthusiasm. Short-term impact is likely positive due to the beat, but caution is warranted.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100