Yahoo Finance Lumentum Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Lumentum Holdings (NASDAQ:LITE) Second Quarter 2024 Results
Key Financial Results
Revenue: US$366.8m (down 28% from 2Q 2023).
Net loss: US$99.1m (loss widened by 213% from 2Q 2023).
US$1.48 loss per share (further deteriorated from US$0.46 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lumentum Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 79%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are down 19% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Lumentum Holdings that you should be aware of.
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