LITE Stock Recent News

First Quarter 2024 Record-Breaking Revenue of US$4.3 million, a 57% Increase Over the Year Ago Period First Quarter 2024 Record Breaking EBITDA ( 1) of US$884,000, More than 3x Prior Year's Best Quarterly Performance Backlog and Bookings Remain Strong; Backlog of US$6.5 million at Quarter End TSXV: OML OTCQX: OLNCF LOS ANGELES, CALIFORNIA, May 16, 2024 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" or “Omni-Lite”; TSXV: OML) today reported results for the first quarter ending March 31, 2024. Full financial results are available at sedarplus.ca.

Lumentum Holdings Inc. (NASDAQ:LITE ) Q3 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Kathy Ta - Vice President, Investor Relations Alan Lowe - President & Chief Executive Officer Wajid Ali - Executive Vice President & Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy & Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James George Notter - Jefferies Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Christopher Rolland - SIG David Vogt - UBS Ananda Baruah - Loop Capital Tom O'Malley - Barclays Karl Ackerman - BNP Paribas Tim Savageaux - Northland Capital Markets Operator Good day, everyone, and welcome to the Lumentum Holdings' Third Quarter Fiscal Year 2024 Earnings Call. All participants will be in a listen-only mode.

Lumentum (LITE) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.75 per share a year ago.

Lumentum (LITE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 2024, after the market closes. Lumentum will hold a conference call the same day at 2:00 p.m. PT/5:00 p.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (833) 470-1428 or (404) 975-4839.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that its experts will contribute to technical sessions, presentations, and panel discussions at the Optical Fiber Communication Conference (OFC) being held in San Diego, California from March 26 - 28, 2024. Alan Lowe, CEO and President of Lumentum, will take part in the Optica Executive Forum's CEO Panel at OFC, discussin.

Lumentum beat expectations on both the top and bottom lines this morning. Sales and profit margins remain on the decline, however, and the only thing growing at Lumentum is the losses.

Lumentum (LITE) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $1.52 per share a year ago.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2024 financial results on Thursday, February 8, 2024, before the market opens. Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (833) 470-1428 or (404) 9.

On Friday morning, Craig-Hallum analyst Richard Shannon upgraded Lumentum stock to buy. Shannon forecasts a rebound in telecommunications equipment spending in 2024, spurred by AI and cloud computing needs.