shares of lumentum holdings inc lite slumped 85 in premarket trading tuesday after the optical networking products company reported fiscal fourthquarter earnings that beat expectations but provided a downbeat profit outlook for the current quarter net income for the quarter to july 2 rose to 347 million or 49 cents a share from 215 million or 28 cents a share in the yearago period excluding nonrecurring items adjusted earnings per share of 147 topped the factset consensus of 133 revenue grew 77 to 4221 million above the factset consensus of 4180 million as optical communications revenue increased 44 to 3909 million and lasers revenue rose 388 to 512 million for the first quarter the company expects adjusted eps of 145 to 170 below the factset consensus of 181 and expects revenue of 490 million to 520 million which surrounds expectations of 491 million the stock which closed monday at a 4 12month high has run up 103 over the past three months through monday while the sp 500 spx has gained 72