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Politics : Sam's miscellany
MU 56.99-3.4%Feb 21 4:00 PM EST

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From: Sam2/4/2020 8:29:47 AM
   of 949
 
Blowout results for LITE. Guidance is only "inline" due to the possible effects of the coronavirus, which they can't quantify yet.

Lumentum reports upside Q2, inline guidance
Feb. 4, 2020 7:51 AM ET|About: Lumentum Holdings Inc. (LITE)|By: Brandy Betz, SA News Editor


Lumentum (NASDAQ: LITE) reports Q2 beats with 23% Y/Y revenue growth.

The Q3 forecast sees $1-1.17 EPS compared to the $1.02 consensus and revenue of $400-425M (consensus: $409M.) The wider than usual revenue range prices in the coronavirus outbreak risks.

Q2 gross margin was 47.4%, up from 40.1% in last year's quarter. Operating margin rose from 22% to 28.8$.

Revenue breakdown: Optical Communications, $409.4M (+26%); Lasers, $48.4M (+0.2%).

Lumentum ended the quarter with $1.32B in cash and equivalents.

Earnings call starts at 8:30 AM with a webcast here.

Press release.
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