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

Viavi Solutions

03/11/2023 11:18

* Viavi Solutions Inc  VIAV.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 23 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 9 cents to 10
cents per share.
    * Revenue fell 20.1% to $247.90 million from a year ago;
analysts
expected $249.70 million. 
    * Viavi Solutions Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $9.8 million.
    * Viavi Solutions Inc shares had fallen by 14.2% this
quarter and
lost 25.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.1%
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." 
    * Wall Street's median 12-month price target for Viavi
Solutions
Inc is $10.00 

This summary was machine generated from LSEG data November 3 at
11:18 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.10           0.09           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