Viavi Solutions Inc reports results for the quarter ended in December - Earnings Summary

Viavi Solutions

02/02/2023 23:46

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in
December. The mean expectation of eight analysts for the quarter
was for earnings of 11 cents per share.
    * Revenue fell 9.6% to $284.50 million from a year ago;
analysts
expected $271.49 million. 
    * Viavi Solutions Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 46.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Viavi Solutions Inc shares had risen by 8.8% this quarter.
    * The company reported quarterly net income of $8.4 million.
    * Wall Street's median 12-month price target for Viavi
Solutions
Inc is $14.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
2 at 11:46 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.11           0.14           Beat
 Sep. 30 2022      0.23           0.23           Met
 Jun. 30 2022      0.23           0.24           Beat
 Mar. 31 2022      0.21           0.22           Beat