Stock Track | Lumentum Stock Plunges 5.04% After-Hours Despite Beating Earnings Estimates

Stock Track

Feb 07, 2025

Lumentum Holdings Inc. (LITE) experienced a significant after-hours sell-off, with its stock plummeting 5.04% in the Thursday evening trading session. This decline came despite the company reporting better-than-expected financial results for the fiscal second quarter of 2025.

In its latest earnings release, Lumentum posted adjusted earnings per share (EPS) of $0.42, surpassing the consensus analyst estimate of $0.36. Additionally, the company's revenue of $402.2 million exceeded the projected $389.76 million, marking a 9.7% year-over-year increase.

However, the company's reported GAAP EPS for the quarter was a loss of $0.88 per share, and Lumentum recorded a net loss of $60.9 million. While the reasons behind this net loss were not immediately clear, it appears to have weighed heavily on investor sentiment, triggering the after-hours sell-off.

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(LITE) experienced a significant after-hours sell-off, with its stock plummeting 5.04% in the Thursday evening trading session. This decline came despite the company reporting better-than-expected financial results for the fiscal second quarter of 2025.</p>\n\n<p>In its latest earnings release, Lumentum posted adjusted earnings per share (EPS) of $0.42, surpassing the consensus analyst estimate of $0.36. Additionally, the company's revenue of $402.2 million exceeded the projected $389.76 million, marking a 9.7% year-over-year increase.</p>\n\n<p>However, the company's reported GAAP EPS for the quarter was a loss of $0.88 per share, and Lumentum recorded a net loss of $60.9 million. While the reasons behind this net loss were not immediately clear, it appears to have weighed heavily on investor sentiment, triggering the after-hours sell-off.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LITE","symbol_name":"Lumentum Holdings Inc.","start_time":0,"source_url":"","article_id":"1107829363","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107829363","pubTimestamp":1738879531,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Lumentum Holdings Inc.  experienced a significant after-hours sell-off, with its stock plummeting 5.04% in the Thursday evening trading session. 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