Luna Innovations reports Q3 adjusted EPS 7c, consensus 7c

Reports Q3 revenue $30.7M, consensus $30.61M. “We delivered solid performance this quarter in spite of continued macroeconomic headwinds,” said Scott Graeff, President and CEO of Luna. “We realized multiple significant wins in our Sensing business, providing further proof of the breadth of applications and abundance of opportunities for our fiber sensing solutions. We also recognized a particularly strong showing from our Communications Test business, where we saw significant increase in revenue after realizing moderate recovery from the headwinds this business faced last quarter.”