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

Viavi Solutions

08/08/2024 23:39

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 10 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 7 cents per share. 
    * Revenue fell 4.4% to $252.00 million from a year ago;
analysts
expected $250.82 million. 
    * Viavi Solutions Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported quarterly net income of $21.7
million.
    * Viavi Solutions Inc shares had risen by 8.3% this
quarter and
lost 26.1% so far this year.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"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 $9.00 
This summary was machine generated from LSEG data August 8 at
10:39 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
 Jun. 30 2024      0.07           0.08           Beat
 Mar. 31 2024      0.07           0.06           Missed
 Dec. 31 2023      0.09           0.11           Beat
 Sep. 30 2023      0.10           0.09           Missed