Investing.com - Lumentum Holdings (NASDAQ:LITE) Inc reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lumentum Holdings Inc announced earnings per share of $1.69 on revenue of $506.8M. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $501.42M.
Lumentum Holdings Inc shares are down 20% from the beginning of the year, still down 35.37% from its 52 week high of $108.90 set on January 4.
Lumentum Holdings Inc shares lost 7.86% in pre-market trade following the report.
Lumentum Holdings Inc follows other major Information Technology sector earnings this month
Lumentum Holdings Inc's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar