Lumentum stock jumps after profit and revenue beats, upbeat outlook
Marketwatch -

Shares of Lumentum Holdings Inc. shot up 5.9% in premarket trading Wednesday, after the optical and photonic products company reported fiscal third-quarter results that beat expectations, citing accelerating demand, and provided an upbeat current-quarter outlook. Net income for the quarter to April 2 dropped to $26.0 million, or 35 cents a share, from $225.5 million, or $2.85 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.19 beat the FactSet...

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