SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Lumentum Holdings Inc. (LITE) on Tuesday reported fiscal third-quarter net income of $142.5 million.
The San Jose, California-based company said it had profit of $1.50 per share. Earnings, adjusted for one-time gains and costs, came to $2.37 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The optical networking products maker posted revenue of $808.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $805.4 million.
For the current quarter ending in June, Lumentum expects its per-share earnings to range from $2.85 to $3.05.
The company said it expects revenue in the range of $960 million to $1.01 billion for the fiscal fourth quarter.
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