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

Viavi Solutions

02/05/2023 23:35

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 9 cents per share.
    * Revenue fell 21.5% to $247.80 million from a year ago;
analysts
expected $250.32 million. 
    * Viavi Solutions Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Viavi Solutions Inc shares had fallen by 17.0% this
quarter and
lost 14.5% so far this year.
    * The company reported a quarterly loss of $15.4 million.
    * Wall Street's median 12-month price target for Viavi
Solutions
Inc is $12.30 
    * 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 May
2 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.09           0.08           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