Lumentum Q4 Revenue Hits $1.01B, Non-GAAP EPS $3.23; Stock Dips 0.3% After Hours
LITE has more than doubled off its 52-week low of $111.2.
Summary
Lumentum reported fiscal Q4 revenue of ~$1.01B, up 109% YoY, with non-GAAP EPS of $3.23 on net income of $326.3M. GAAP results showed a large net loss from non-cash debt extinguishment. The company ended the quarter with ~$2.7B in cash. Shares fell about 0.3% in after-hours trading despite the strong top-line growth. This follows yesterday's Q1 guidance of $1.23B-$1.27B, which was above consensus, and the recent 8-K detailing the Q4 results. The after-hours dip may reflect profit-taking or concern over the GAAP loss, but the cash position and revenue trajectory remain robust.
At the time of this announcement, LITE was trading at $840.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $63.8B. The 52-week trading range was $111.20 to $1,085.68. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.