Published on 8 May 2024 on Simply Wall St. via Yahoo Finance
Lumentum Holdings Inc. (NASDAQ:LITE) Just Reported And Analysts Have Been Cutting Their Estimates
Lumentum Holdings Inc. (NASDAQ:LITE) shareholders are probably feeling a little disappointed, since its shares fell 5.4% to US$41.40 in the week after its latest third-quarter results. It was a pretty bad result overall; while revenues were in line with expectations at US$367m, statutory losses exploded to US$1.88 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
View our latest analysis for Lumentum Holdings
