LITE / Lumentum stock sinks nearly 10% after forecast revision

Optical and photonics manufacturer Lumentum Holdings Inc. NASDAQ: LITE provides optical components and lasers to data centers, cloud providers, teleco more_horizontal

Although the revenue and EPS for Lumentum (LITE) give a sense of how its business performed in the quarter ended June 2023, it might be worth consider more_horizontal

Lumentum (LITE) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earning more_horizontal

The company says it expects fiscal first-quarter adjusted earnings of between 20 cents and 35 cents a share, below Wall Street estimates. more_horizontal

Lumentum stock is falling after fellow laser-tech specialist Coherent issued disappointing guidance. Coherent is seeing macroeconomic headwinds and is more_horizontal

Lumentum Holdings Inc. posted a weak quarterly report for a second time. Outlook for the next quarter is equally disappointing. Inventory glut is a co more_horizontal

Lumentum's stock tumbled after the company released its Q2 earnings report. Its cyclical challenges, competitive threats, and customer concentration i more_horizontal

Lumentum Holdings Inc. shares dropped toward their lowest closing price since 2019 on Thursday amid concerns that inventory backups that have plagued more_horizontal