Lumentum Holdings (LITE) Tops Q3 EPS by 1c; Guides In-Line

Lumentum Holdings (NASDAQ: LITE) reported Q3 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $230.4 million versus the consensus estimate of $226.81 million.

“We again executed on our plan in the fiscal third quarter and delivered record revenues that grew 16% over the same period last year,” said Alan Lowe, president and CEO. “Datacom revenue grew 30% sequentially, achieving record revenues, driven by a more than 140% sequential increase in 100G related revenues. TrueFlexTM ROADM revenue grew approximately 30% sequentially and more than tripled from last year. Bookings were robust during the quarter, with a book-to-bill ratio greater than one, as the North America metro deployment is poised to ramp, hyperscale data centers ready themselves for the shift to 100G, and China demand remains strong.”

GUIDANCE:

Lumentum Holdings sees FY2016 EPS of $0.32-$0.38, versus the consensus of $0.36. Lumentum Holdings sees FY2016 revenue of $232-242 million, versus the consensus of $235.13 million.

For earnings history and earnings-related data on Lumentum Holdings (LITE) click here.

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