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Lumentum Holdings profit misses consensus by 83.6% in fiscal Q2

Lumentum Holdings Inc. said its normalized net income for the fiscal second quarter ended Dec. 26, 2015, amounted to 5 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS rose year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.8 million, an increase from $625,000 in the year-earlier period.

The normalized profit margin increased to 1.3% from 0.3% in the year-earlier period.

Total revenue increased year over year to $218.3 million from $210.5 million, and total operating expenses totaled $211.0 million, compared with $209.4 million in the prior-year period.

Reported net income totaled $592,000, or 1 cents per share, compared to a loss of $4.1 million, or a loss of 7 cents per share, in the year-earlier period.