Viavi Solutions Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Viavi Solutions Inc. (VIAV) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $9.1 million, or $0.04 per share. This compares with $10.7 million, or $0.05 per share, last year.

Excluding items, Viavi Solutions Inc. reported adjusted earnings of $29.4 million or $0.13 per share for the period.

Analysts on average had expected the company to earn $0.09 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.4% to $270.8 million from $254.5 million last year.

Viavi Solutions Inc. earnings at a glance (GAAP) :

-Earnings: $9.1 Mln. vs. $10.7 Mln. last year. -EPS: $0.04 vs. $0.05 last year. -Revenue: $270.8 Mln vs. $254.5 Mln last year.

-Guidance: Next quarter EPS guidance: $0.10 - $0.13 Next quarter revenue guidance: $276 - $288 Mln