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

Viavi Solutions

10/08/2023 22:01

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 8 cents per share.
    * Revenue fell 21.4% to $263.60 million from a year ago;
analysts
expected $251.98 million. 
    * The mean earnings estimate of analysts was unchanged 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 fallen by 5.1% this
quarter and
gained 2.3% so far this year.
    * The company reported a quarterly loss of $100 thousand.
    * Wall Street's median 12-month price target for Viavi
Solutions
Inc is $12.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.08           0.10           Beat
 Mar. 31 2023      0.09           0.08           Missed
 Dec. 31 2022      0.11           0.14           Beat
 Sep. 30 2022      0.23           0.23           Met