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

Viavi Solutions

01/02/2024 23:27

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 14 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 9 cents per
share. Wall Street expected results to range from 8 cents to 10
cents per share.
    * Revenue fell 10.5% to $254.50 million from a year ago;
analysts
expected $251.00 million. 
    * Viavi Solutions Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $10.7
million.
    * Viavi Solutions Inc shares had fallen by 2.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Viavi Solutions
Inc is $10.50 
This summary was machine generated from LSEG data February 1 at
11:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.09           0.11           Beat
 Sep. 30 2023      0.10           0.09           Missed
 Jun. 30 2023      0.08           0.10           Beat
 Mar. 31 2023      0.09           0.08           Missed