Lumentum Revenue Outlook Light, II-VI Stock Jumps On 3D Sensor Ramp

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Lumentum Holdings ( LITE ) early Thursday reported fiscal first-quarter profit that topped views as revenue edged estimates and December quarter sales guidance missed expectations.But Lumentum stock edged up in early trading as analysts mulled the optical device makers success in expanding its customer base for 3D sensors beyond Apple ( AAPL ).Lumentum said that adjusted earnings for the quarter ended Sept. 29 were $1.31 a share, up 205% from a year ago, with revenue rising 46% to $351 million, topping analyst estimates.Lumentum mostly sells optical devices built into telecom networks and data center communications gear.Lumentum stock is down 14% from a year ago amid weakness in demand from Chinas telecom gear makers.

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