Lumentum Holdings (LITE) Tops Q1 EPS by 4c, Offers Q2 Guidance

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Lumentum Announces Fiscal First Quarter 2016 Results

November 10, 2015 4:07 PM EST

Net Revenue of $212.6 millionNon-GAAP Gross margin of 32.8%; GAAP Gross margin of 31.5%Non-GAAP Net income per share of  $0.26; GAAP Net loss per share of $(0.01)1

MILPITAS, Calif., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Lumentum Holdings Inc. ("Lumentum") today reported results for its fiscal first quarter ended September 26, 2015. For the first five weeks of the first quarter, Lumentum was part of JDS Uniphase Corporation (JDSU), now Viavi Solutions Inc, and began operations as an independent public company on August 1, 2015.

Fiscal first quarter 2016 net revenue was $212.6 million, with GAAP net loss of $(0.4) million, or $(0.01) per... More