Lumentum (LITE) Beats Q1 Earnings and Revenue Estimates
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Lumentum (LITE) reported Q1 earnings of $0.18 per share, surpassing the Zacks Consensus Estimate of $0.13 per share, although down from $0.35 per share a year ago.
November 08, 2024 | 12:30 am
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Lumentum's Q1 earnings per share of $0.18 exceeded expectations of $0.13, but were lower than last year's $0.35 per share.
Lumentum's earnings beat expectations, which is typically positive for stock prices. However, the year-over-year decline in earnings may temper investor enthusiasm.
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