CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Viavi Solutions Inc. (VIAV) on Thursday reported a loss of $1.8 million in its fiscal first quarter.
The Chandler, Arizona-based company said it had a loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 6 cents per share.
The communications equipment company posted revenue of $238.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $240 million.
For the current quarter ending in December, Viav Solutions expects its per-share earnings to range from 9 cents to 11 cents.
The company said it expects revenue in the range of $255 million to $265 million for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIAV at https://www.zacks.com/ap/VIAV