Lumentum Holdings Inc. (LITE - Free Report) reported second-quarter fiscal 2019 earnings of $1.15 per share, which missed the Zacks Consensus Estimate by 3 cents. The figure also decreased 31% on a year-over-year basis.
Net sales of $373.7 million beat the Zacks Consensus Estimate of $356 million. However, the figure decreased 7.6% on a year-over-year basis. Notably, Lumentum Holdings’ acquisition of Oclaro contributed $29.6 million to total revenues.
Lumentum Holdings Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Lumentum Holdings Inc. (LITE - Free Report) reported second-quarter fiscal 2019 earnings of $1.15 per share, which missed the Zacks Consensus Estimate by 3 cents. The figure also decreased 31% on a year-over-year basis.
Net sales of $373.7 million beat the Zacks Consensus Estimate of $356 million. However, the figure decreased 7.6% on a year-over-year basis. Notably, Lumentum Holdings’ acquisition of Oclaro contributed $29.6 million to total revenues.
Lumentum Holdings Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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