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Lumentum: Fiscal Q4 Earnings Snapshot
By AP News - Aug 14, 2024, 04:16 PM ET
Last Updated - Aug 14, 2024, 04:16 PM EDT
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Lumentum Holdings Inc. (LITE) on Wednesday reported a loss of $252.5 million in its fiscal fourth quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of $3.72. Earnings, adjusted for pretax expenses and amortization costs, came to 6 cents per share.
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The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The optical networking products maker posted revenue of $308.3 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $302.5 million.
For the year, the company reported a loss of $546.5 million, or $8.12 per share. Revenue was reported as $1.36 billion.
For the current quarter ending in September, Lumentum expects its per-share earnings to range from 7 cents to 17 cents.
The company said it expects revenue in the range of $315 million to $335 million for the fiscal first quarter.
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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
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