Viavi Solutions Fiscal Q2 Non-GAAP Earnings, Revenue Increase -- Shares Rise After Hours

MT Newswires Live
31 Jan

Viavi Solutions (VIAV) reported fiscal Q2 non-GAAP earnings late Thursday of $0.13 per diluted share, up from $0.11 a year earlier.

Analysts polled by FactSet expected $0.10.

Net revenue in the three months ended Dec. 28 rose to $270.8 million from $254.5 million a year earlier.

Analysts surveyed by FactSet expected $260 million.

The company expects fiscal Q3 non-GAAP EPS of $0.10 to $0.13 on net revenue of $276 million to $288 million. Analysts project EPS of $0.09 on revenue of $255.6 million.

Shares of Viavi Solutions were up more than 16% in after-hours activity.

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