Lumentum Holdings Inc. (NASDAQ:LITE) is set to announce fourth quarter earning results on Tuesday 11th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LITE to report 4Q20 income of $ 0.82 per share.
For the full year, analysts anticipate top line of $ 1659.63 million, while looking forward to income of $ 5.06 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 325.00 million ~ $ 365.00 million
Click Here For More Historical Outlooks Of Lumentum Holdings Inc.
Previous Quarter Performance
Lumentum Holdings Inc. announced income for the third quarter of $ 1.26 per share, from the revenue of $ 402.80 million. The quarterly earnings grew 38.46 percent compared with the same quarter last year. The consensus estimates are income of $ 1.05 per share from $ 409.09 million in revenue. The bottom line results beat street analysts by $ 0.21 or 20.00 percent, at the same time, top line results fell short of analysts by $ 6.29 million or 1.54 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LITE was $ 88.02, representing a 81.71 % increase from the 52 week low of $ 48.44 and a 9.01 % decrease over the 52 week high of $ 96.74.
The company has a market capital of $ 6.59 billion and is part of the Technology sector and Communication Equipment industry.
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Conference Call
Lumentum Holdings Inc. will be hosting a conference call at 8:30 AM eastern time on 11th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lumentum.com
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Optical Communications and Commercial Lasers.
