SAN JOSE, Calif. (AP) _ Viavi Solutions Inc. (VIAV) on Wednesday reported a loss of $32.8 million in its fiscal third quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 14 cents. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The communications equipment company posted revenue of $256.2 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $278.1 million.
Viav Solutions shares have dropped 21% since the beginning of the year.