Viav Solutions: Fiscal Q2 Earnings Snapshot
CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Viavi Solutions Inc. (VIAV) on Thursday reported fiscal second-quarter profit of $10.7 million.
The Chandler, Arizona-based company said it had profit of 5 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The communications equipment company posted revenue of $254.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $249.8 million.
For the current quarter ending in March, Viav Solutions expects its per-share earnings to range from 5 cents to 9 cents.
The company said it expects revenue in the range of $245 million to $253 million for the fiscal third quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIAV at https://www.zacks.com/ap/VIAV
