Morgan Stanley Downgrades Lumentum (LITE) to Underweight
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Lumentum Announces Fiscal Fourth Quarter and Full Year 2016 Results
August 9, 2016 4:06 PM EDTFourth Fiscal Quarter Highlights
Net Revenue of $241.7 million at high-end of guidanceGAAP Operating margin of 4.2%; Non-GAAP Operating margin of 11.6% exceeded high-end of guidanceGAAP diluted Net income per share of $0.23; Non-GAAP diluted Net income per share of $0.41 exceeded high-end of guidanceMILPITAS, Calif., Aug. 09, 2016 (GLOBE NEWSWIRE) -- Lumentum Holdings Inc. (Lumentum or the Company) today reported results for its fiscal fourth quarter and year ended July 2, 2016.
Net revenue for the fiscal fourth quarter 2016 was $241.7... More
