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Lumentum Announces Fiscal Third Quarter 2021 Financial Results


Lumentum Announces Fiscal Third Quarter 2021 Financial Results
- Net revenue of $419.5 million; deferred $14.8 million due to delays of 5G deployments in China
- GAAP gross margin of 44.1%; Non-GAAP gross margin of 49.9%
- GAAP operating margin of 63.6%; Non-GAAP operating margin of 27.9%
- GAAP diluted net income per share of $2.85; Non-GAAP diluted net income per share of $1.40
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SAN JOSE, Calif., May 12, 2021 /PRNewswire/ Lumentum Holdings Inc. ( Lumentum or the Company ) today reported results for its fiscal third quarter ended April 3, 2021, which was a 14-week period.
Net revenue for the fiscal third quarter of 2021, which was reduced by $14.8 million that was deferred, was $419.5 million, with GAAP net income of $225.5 million, or $2.85 per diluted share. Net revenue for the fiscal second quarter of 2021 was $478.8 million, with GAAP net income of $83.2 million, or $1.06 per dilut ....

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Lumentum Announces Revised Proposal for Coherent


Lumentum Announces Revised Proposal for Coherent
Silver Lake to Make a $1 Billion Equity Investment in the Combined Company
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SAN JOSE, Calif., and MENLO PARK, Calif., March 17, 2021 /PRNewswire/  Lumentum Holdings Inc. ( Lumentum ) today confirmed that on March 17, 2021, it delivered to Coherent, Inc. s (Nasdaq: COHR) Board of Directors a revised proposal to acquire Coherent in a cash and stock transaction valued at $6.9 billion. Under the terms of the revised proposal, Coherent stockholders would receive $220.00 per share in cash and 0.6100 shares of Lumentum common stock for each Coherent share they own. Using Lumentum s closing stock price as of March 16, 2021, this equates to a consideration of $275.00 per Coherent share. As part of Lumentum s revised proposal, Silver Lake, the global leader in technology investing, will make a $1 billion equity investment in the combined company. ....

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