Lumentum reports Q3 adjusted EPS $2.37, consensus $2.27

Reports Q3 revenue $808.4M, consensus $810.05M. “Lumentum (LITE) delivered an exceptional third quarter, with revenue growing 90% year over year to a record $808 million. While our top line growth continues to garner headlines, the more impressive part of our recent performance has been our margin expansion. In fiscal Q3, gross margin improved by 540 basis points on quarter and operating margin by 700 basis points,” said President and CEO Michael Hurlston.

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