Skip to main content

Lumentum: Fiscal Q3 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Lumentum Holdings Inc. (LITE) on Tuesday reported fiscal third-quarter net income of $142.5 million.

The San Jose, California-based company said it had profit of $1.50 per share. Earnings, adjusted for one-time gains and costs, came to $2.37 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.

The optical networking products maker posted revenue of $808.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $805.4 million.

For the current quarter ending in June, Lumentum expects its per-share earnings to range from $2.85 to $3.05.

The company said it expects revenue in the range of $960 million to $1.01 billion for the fiscal fourth quarter.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LITE at https://www.zacks.com/ap/LITE

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story