Lumentum (LITE) Q1 Earnings and Revenues Surpass Estimates

Lumentum (LITE) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.80%. A quarter ago, it was expected that this optical networking products maker would post earnings of $0.82 per share when it actually produced earnings of $0.88, delivering a surprise of +7.32%.Over the last four quar ...