04:27 PM EDT, 08/14/2024 (MT Newswires) -- Lumentum ( LITE ) reported fiscal Q4 non-GAAP earnings Wednesday of $0.06 per diluted share, down from $0.59 a year earlier.

Analysts polled by Capital IQ expected $0.02.

Net revenue for the quarter ended June 29 was $308.3 million, down from $370.8 million a year earlier.

Analysts surveyed by Capital IQ expected $301.4 million.

The company said it expects fiscal Q1 non-GAAP diluted EPS between $0.07 and $0.17 on net revenue between $315 million and $335 million.

Analysts polled by Capital IQ expect normalized EPS of $0.12 on revenue of $311.4 million.

The company's shares were rising past 12% in recent after-hours trading.

Price: 51.00, Change: +5.47, Percent Change: +12.01