The fourth quarter financial results shared after the trading day wraps up by Lumentum Holdings Inc. (NASDAQ:LITE) has grabbed attention of the investors, especially because the figures surpassed the market expectation
The enterprise has reported a quarterly income of $0.06 per share, accompanied by revenues amounting to $308.3 million.
The figures surpassed the market forecasted $0.03 profit per share based on the $300.8 million in revenues.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q4 2024 | $0.06 | -89.8% | 308.30 M | -16.9% |
| Q3 2024 | $0.29 | -61.3% | 366.50 M | -4.4% |
| Q2 2024 | $0.32 | -78.9% | 366.80 M | -27.5% |
| Q1 2024 | $0.35 | -79.3% | 317.60 M | -37.3% |
| Q4 2023 | $0.59 | -59.9% | 370.80 M | -12.2% |
*Growth on year-over-year basis
Comparing to the comparable quarter of prior year the earnings per share fell 89.83 percent, besides revenues contracted 16.86 percent.
Looking ahead at financial projections LITE has outlined earnings objective for Q1 2025 in the range of $0.07 to $0.17 per share, and they count on reaching the same period revenue that spans between $315.00 and $335.00 million. On the other hand financial experts on Wall Street foresee earnings of $0.13 per share from revenues of $312.57 million
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| Q1 2025 | EPS | $0.07~$0.17 | $0.13 | -7.7% |
| REV | $315 M~$335 M | $313 M | 4% |
;
*Based on the outlook mid-point
The day's trading saw Lumentum Holdings (LITE) shares hit a low of $45.50 and a high of $47.50, with a day volume of 2.29 million shares. The stock closed the regular trading session at $45.53, demonstrating 1.54 percent fall.
