May 2, 2018 / 12:07 PM / 7 months ago

Optics tech firm Lumentum reports profit in third quarter

May 2 (Reuters) - Laser and optical fiber specialist Lumentum Holdings Inc reported a quarterly profit compared with a year-ago loss, driven by stronger demand for lasers that industry experts say power the Face ID technology on Apple's latest iPhones.

Lumentum reported net income of $2.7 million or 4 cents per share in the third quarter ended March 31, compared with a net loss of $56 million or 92 cents a year earlier.

Revenue rose to $298.8 million from $255.8 million. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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