• Lumentum Holdings Inc LITE.OQ reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 47 cents to 52 cents per share.

• Revenue rose 16% to $425.20 million from a year ago; analysts expected $418.28 million.

• Lumentum Holdings Inc's reported EPS for the quarter was a loss of 64 cents​.

• The company reported a quarterly loss of $44.1 million.

• Lumentum Holdings Inc shares had risen by 1.3% this quarter and lost 24.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Lumentum Holdings Inc is $90.00

This summary was machine generated from LSEG data May 6 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)