CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Viavi Solutions Inc. (VIAV) on Thursday reported fiscal second-quarter profit of $9.1 million.
On a per-share basis, the Chandler, Arizona-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The communications equipment company posted revenue of $270.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $259.6 million.
For the current quarter ending in March, Viav Solutions expects its per-share earnings to range from 10 cents to 13 cents.
The company said it expects revenue in the range of $276 million to $288 million for the fiscal third 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
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