Lumentum (LITE) Q2 Earnings and Revenues Top Estimates

Lumentum (LITE) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +18.68%. A quarter ago, it was expected that this optical networking products maker would post earnings of $1.03 per share when it actually produced earnings of $1.1, delivering a surprise of +6.8%.Over the last four quar ...