Viav Solutions: Fiscal Q1 Earnings Snapshot
By AP News
Published - Oct 31, 2024, 04:43 PM ET
Last Updated - Dec 16, 2024, 05:46 PM EST
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.
