Viavi Solutions Inc. (VIAV) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $9.1 million, or $0.04 per share. This compares with $10.7 million, or $0.05 per share, last year.
Excluding items, Viavi Solutions Inc. reported adjusted earnings of $29.4 million or $0.13 per share for the period.
Analysts on average had expected the company to earn $0.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.4% to $270.8 million from $254.5 million last year.
Viavi Solutions Inc. earnings at a glance (GAAP) :
-Earnings: $9.1 Mln. vs. $10.7 Mln. last year.
-EPS: $0.04 vs. $0.05 last year.
-Revenue: $270.8 Mln vs. $254.5 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.10 - $0.13
Next quarter revenue guidance: $276 - $288 Mln
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