Lumentum Holdings (LITE) Tops Q2 EPS by 2c, Guidance Misses Consensus
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LUMENTUM ANNOUNCES FISCAL SECOND QUARTER 2022 FINANCIAL RESULTS
February 3, 2022 7:30 AM ESTSAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal second quarter ended January 1, 2022.
"Second quarter demand was strong across all major product lines, and our results were above the midpoint of our guidance on all metrics," said Alan Lowe, President and CEO. "Industry-wide supply shortages have worsened with the recent surge in COVID-19 and are negatively impacting our third quarter revenue guidance by more than $65Â million. These shortages come at a time when customer demand is accelerating for our differentiated communications products, which are essential to multi-year... More
