Lumentum HoldingsNASDAQ: LITE

Companies in the Zacks Laser Systems and Components industry, such as Lumentum Holdings (LITE) and MicroVision (MVIS), are benefiting from strong demand for applications such as Generative AI, autonomous driving, IoT, 5G, and healthcare despite difficult macroeconomic circumstances.

In the first quarter of 2024, Omni-Lite Industries Canada Inc. achieved record-breaking revenue of US$4.3 million, marking a 57% increase from the same period last year. Additionally, the company reported record-breaking EBITDA of US$884,000, more than three times higher than the previous year's best quarterly performance. Despite this strong performance, the company's backlog and bookings remain robust, with a backlog of US$6.5 million at the end of the quarter. The company's stock is listed on the TSXV as OML and on the OTCQX as OLNCF.

Lumentum Holdings Inc. (NASDAQ:LITE) Q3 2024 Earnings Conference Call took place on May 6, 2024 at 5:00 PM ET. The call featured Company Participants Kathy Ta, Alan Lowe, Wajid Ali, and Chris Coldren. Conference Call Participants included Simon Leopold, George Notter, Samik Chatterjee, Meta Marshall, Christopher Rolland, David Vogt, Ananda Baruah, Tom O'Malley, Karl Ackerman, Tim Savageaux. The operator informed all participants that they would be in a listen-only mode.

Lumentum (LITE) reported earnings of $0.29 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.26 per share. This is a decrease from earnings of $0.75 per share in the same quarter last year.

Lumentum (LITE) lacks the necessary factors for a potential earnings exceed in its upcoming report. Be ready with the key projections.

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.

Virtual reality ( VR ) had its peak in 2023 alongside artificial intelligence ( AI ). They are already part of the technology of this new era.