Viavi Solutions Inc reports results for the quarter ended June 30 - Earnings Summary

• Viavi Solutions Inc VIAV.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of eight analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 11 cents to 12 cents per share.

• Revenue rose 15.3% to $290.50 million from a year ago; analysts expected $285.19 million.

• Viavi Solutions Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $8 million.

• Viavi Solutions Inc shares had fallen by 0.3% this quarter and lost 0.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 5 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Viavi Solutions Inc is $12.00, about 15.3% above its last closing price of $10.16

This summary was machine generated from LSEG data August 8 at 04:36 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)