Lumentum Holdings First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Lumentum Holdings (NASDAQ:LITE) First Quarter 2023 Results

Key Financial Results

• Revenue: US$506.8m (up 13% from 1Q 2022).
• Net loss: US$400.0k (down by 100% from US$81.5m profit in 1Q 2022).
• US$0.006 loss per share (down from US$1.12 profit in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lumentum Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are down 25% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Lumentum Holdings (1 can't be ignored!) that you should be aware of.

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