Lumentum (LITE) Q3 Earnings Beat Estimates

Lumentum (LITE) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of$ 0.26 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.54%. A quarter ago, it was expected that this optical networking products maker would post earnings of$ 0.31 per share when it actually produced earnings of $0.32, delivering a surprise of 3.23%.Over the last four quar ...