=Lumentum (LITE) reported earnings on Thur 1 Nov 2018 (b/o)

Lumentum beats by $0.29, reports revs in-line; guides Q2 EPS above consensus, revs below consensus

• Reports Q1 (Sep) adj. earnings of $1.31 per share, $0.29 better than the S&P Capital IQ Consensus of $1.02; revenues rose 45.7% year/year to $354 mln vs the $351.21 mln S&P Capital IQ Consensus.
• Co issues mixed guidance for Q2, sees EPS of $1.60-1.75, excluding non-recurring items, vs. $1.52 S&P Capital IQ Consensus; sees Q2 revs of $405-430 mln vs. $431.78 mln S&P Capital IQ Consensus. 
• "Strong telecom and fiber laser demand, along with 3D sensing expansion across multiple customers and their products drove solid first quarter results," said Alan Lowe, President and CEO. "Revenues were up more than 45% relative to the prior year, and we saw new record revenues in ROADMs and fiber lasers. Our strategic investments in differentiated products targeting growth markets reliant on photonics have proven successful and position us well for the years to come."