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Stock impact report

Viavi's Q1 Earnings Match Estimates, Revenues Decline Y/Y [Yahoo! Finance]

Viavi Solutions Inc. (VIAV) 
Last viavi solutions inc. earnings: 2/4 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Sluggish demand trends in all verticals, a constrained spending environment owing to macroeconomic challenges and inventory adjustments led to lower revenues year over year. On a GAAP basis, Viavi incurred a net loss of $1.8 million or a loss of a penny per share against net income of $9.8 million or 4 cents per share in the year-ago quarter. The significant decline in earnings was attributable to revenue contraction in the reported quarter. Excluding non-recurring items, non-GAAP net income was $12.4 million or 6 cents per share, down from $19.5 million or 9 cents per share in the year-earlier quarter. The bottom line was in line with the Zacks Consensus Estimate. Viavi Solutions Inc. price-consensus-eps-surprise-chart | Viavi Solutions Inc. Quote Total revenues were $238.2 million compared with $247.9 million in the year-ago quarter. Soft demand trends in the smartphone market and 3D sensing products Show less Read more
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