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Lumentum: Fiscal 2Q Earnings Snapshot

MILPITAS, Calif. (AP) _ Lumentum Holdings Inc. (LITE) on Tuesday reported fiscal second-quarter earnings of $16.3 million.

The Milpitas, California-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, were $1.15 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.

The optical networking products maker posted revenue of $373.7 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $356.4 million.

For the current quarter ending in April, Lumentum expects its per-share earnings to range from 76 cents to 94 cents.

The company said it expects revenue in the range of $420 million to $440 million for the fiscal third quarter.

Lumentum shares have risen 18 percent since the beginning of the year. The stock has increased 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LITE at https://www.zacks.com/ap/LITE