Stocks in Action USA: Lumentum Holdings, Webtoon Entertainment, Intapp
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Lumentum Holdings (LITE) – the company reports a profit surge – AI and cloud business drives revenue growth! The US provider of optical and photonic technologies Lumentum Holdings achieved a significant profit increase in the fourth fiscal quarter. The net profit amounted to $213.3 million or $2.96 per share, compared to a loss of $252.5 million in the previous year. Adjusted for special effects, the profit reached $0.88 per share, exceeding analysts' expectations of $0.81. Revenue rose by 56% to $480.7 million (consensus: $470 million),...
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