Lumentum (LITE) Q4 Earnings and Revenues Top Estimates

Lumentum (LITE) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this optical networking products maker would post earnings of $0.26 per share when it actually produced earnings of $0.29, delivering a surprise of 11.54%. Over the last four quar ...