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.
For the current quarter ending in December, Viav Solutions expects its per-share earnings to range from 9 cents to 11 cents.
The company said it expects revenue in the range of $255 million to $265 million for the fiscal second quarter.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.