Lumentum (LITE) Beats Q1 Earnings and Revenue Estimates

Lumentum (LITE) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 38.46%. A quarter ago, it was expected that this optical networking products maker would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 100%. Over the last four quar ...