Recap: Lumentum Holdings Q2 Earnings

Lumentum Holdings LITE reported its Q2 earnings results on Thursday, February 3, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Lumentum Holdings beat estimated earnings by 1.27%, reporting an EPS of $1.6 versus an estimate of $1.58, which did not surprise analysts.

Revenue was up $32.10 million from the same period last year.

Last quarter the company beat on EPS by $0.24, which was followed by a 5.66% increase in the share price the next day.

Here's a look at Lumentum Holdings's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.55	1.05	1.4	1.90
EPS Actual	1.79	1.15	1.4	1.99
Revenue Estimate	440.80M	382.22M	433.49M	480.68M
Revenue Actual	448.40M	392.10M	419.50M	478.80M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Lumentum Holdings management provided guidance for their next quarter, expecting earnings between $1.01 and $1.19 per share for the next quarter.

This represents a -31.25% in quarter-over-quarter growth for Lumentum Holdings, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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