Viav Solutions: Second Quarter Financial Results Overview

Viavi Solutions Reports Second Quarter Financial Results

Viavi Solutions Inc., headquartered in Chandler, Arizona, announced a net loss of $48.1 million for its fiscal second quarter.

The company reported a loss of $0.21 per share. However, after adjusting for one-time expenses and amortization, earnings stood at $0.22 per share.

These adjusted earnings surpassed analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had projected earnings of $0.19 per share.

Viavi Solutions, which operates in the communications equipment sector, generated $369.3 million in revenue during the quarter, exceeding the anticipated $366.3 million forecasted by analysts surveyed by Zacks.