Lumentum Holdings Inc. (NASDAQ:LITE) reported better-than-expected fourth-quarter financial results and issued strong first-quarter revenue guidance on Wednesday. The company reported quarterly earnings of 6 cents per share which beat the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $308.30 million which beat the analyst consensus estimate of $300.80 million. “We exceeded our guidance midpoints for both revenue and EPS in the fourth quarter. We booked record orders for datacom chips used in data center applications and saw emerging positive trends in the broader traditional networking market,” said Alan Lowe, President and CEO. “We are making significant progress executing our strategy to …
Lumentum Analysts Boost Their Forecasts Following Earnings Beat
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