What to Expect from Lumentum Holdings (LITE) in Q3 Earnings

Zacks Equity Research Published on May 02, 2019

Lumentum Holdings (LITE - Free Report) is set to report third-quarter fiscal 2019 results on May 7.

Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed estimates in the remaining quarter, the average positive surprise being 19.78%.

Lumentum reported earnings of $1.15 per share in the last reported quarter, which missed the Zacks Consensus Estimate by 3 cents and decreased 31% on a year-over-year basis. Net sales of $373.7 million beat the consensus estimate of $356 million but decreased 7.6% on a year-over-year basis.

Lumentum Holdings Inc. Price and EPS Surprise

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