Lumentum (LITE) Beats Q2 Earnings and Revenue Estimates

Lumentum (LITE) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of$ 0.37 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.51%. A quarter ago, it was expected that this optical networking products maker would post earnings of$ 0.13 per share when it actually produced earnings of $0.18, delivering a surprise of 38.46%.Over the last four qua ...