SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Lumentum Holdings Inc. (LITE) on Thursday reported a loss of $60.9 million in its fiscal second quarter.
The San Jose, California-based company said it had a loss of 88 cents per share. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The optical networking products maker posted revenue of $402.2 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $392.5 million.
For the current quarter ending in March, Lumentum expects its per-share earnings to range from 47 cents to 53 cents.
The company said it expects revenue in the range of $410 million to $425 million for the fiscal third quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LITE at https://www.zacks.com/ap/LITE
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.