Viavi Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary
01/11/2024 03:07
* Viavi Solutions Inc VIAV.OQ reported quarterly adjusted
earnings of 6 cents per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 9 cents. The mean expectation of seven analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from 5 cents to 7 cents per
share.
* Revenue fell 3.9% to $238.20 million from a year ago;
analysts
expected $240.10 million.
* Viavi Solutions Inc's reported EPS for the quarter was a
loss of
1 cent.
* The company reported a quarterly loss of $1.8 million.
* Viavi Solutions Inc shares had risen by 4.8% this
quarter and
lost 6.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 35.3%
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 9.75
This summary was machine generated from LSEG data November 1 at
03:07 a.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
Sep. 30 2024 0.06 0.06 Met
Jun. 30 2024 0.07 0.08 Beat
Mar. 31 2024 0.07 0.06 Missed
Dec. 31 2023 0.09 0.11 Beat