SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Lumentum Holdings Inc. (LITE) on Tuesday reported fiscal second-quarter earnings of $78.2 million.
On a per-share basis, the San Jose, California-based company said it had net income of 89 cents. Earnings, adjusted for one-time gains and costs, came to $1.67 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The optical networking products maker posted revenue of $665.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $653.4 million.
For the current quarter ending in March, Lumentum expects its per-share earnings to range from $2.15 to $2.35.
The company said it expects revenue in the range of $780 million to $830 million for the fiscal third quarter.
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