Lumentum Holdings (LITE) Tops Q3 EPS by 21c, Revenues Miss; Offers 4Q EPS/Revenue Guidance Below Consensus

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Go back to Lumentum Holdings (LITE) Tops Q3 EPS by 21c, Revenues Miss; Offers 4Q EPS/Revenue Guidance Below Consensus

Lumentum Announces Fiscal Third Quarter 2020 Financial Results

May 5, 2020 7:30 AM EDT

SAN JOSE, Calif., May 5, 2020 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter of 2020 ended March 28, 2020.

Net revenue for the fiscal third quarter of 2020 was $402.8 million, with GAAP net income of $43.4 million, or $0.56 per diluted share. Net revenue for the fiscal second quarter of 2020 was $457.8 million, with GAAP net income of $49.1 million, or $0.63 per diluted share. Net revenue for the fiscal third quarter of 2019 was $432.9 million, with GAAP net loss of $(74.3) million, or $(0.98) per diluted share.

Non-GAAP net income for the fiscal third quarter of 2020 was $98.0... More