February 5, 2019 / 12:50 PM / 11 days ago

Apple supplier Lumentum's forecast hit by weak smartphone market

Feb 5 (Reuters) - Lumentum Holdings Inc, which supplies sensors for Apple's FaceId feature, forecast third-quarter revenue below analysts' estimates hurt by slowing demand for smartphones in China.

The company said it expects third-quarter revenue to be in the range of $420 million to $440 million.

Analysts, on average, were expecting the company to make $440.9 million revenue, according to IBES data from Refinitiv. (Reporting by Sonam Rai in Bengaluru; Editing by James Emmanuel)

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