Lumentum Holdings (LITE) Misses Q1 EPS by 10c, Outlook Tops Views

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Lumentum Announces Fiscal First Quarter 2018 Results

November 1, 2017 8:01 AM EDT

MILPITAS, Calif., Nov. 1, 2017 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal first quarter ended September 30, 2017.

Net revenue for the fiscal first quarter of 2018 was $243.2 million, with GAAP net income of $7.1 million, or $0.11 per diluted share.  Net revenue for fiscal fourth quarter of 2017 was $222.7 million, with GAAP net loss of $(54.9) million, or $(0.90) per diluted share. Net revenue for the fiscal first quarter of 2017 was $258.1 million, with GAAP net loss of $(3.4) million, or $(0.06) per diluted share.

Non-GAAP net income for the fiscal first quarter of 2018 was $27.8 million or $0.43 per... More