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Viavi Solutions +5.8% as Q2 clears consensus

Published 02/01/2018, 04:16 PM
© Reuters.  Viavi Solutions +5.8% as Q2 clears consensus
VIAV
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  • Viavi Solutions (NASDAQ:VIAV) has gained 5.8% after hours on fiscal Q2 earnings where net income declined but the company beat on top and bottom lines.
  • Revenues dipped 2.3% Y/Y as a 21% decline in Service Enablement wasn't entirely mitigated by gains in Network Enablement.
  • Net income (non-GAAP) fell to $20.2M from a year-ago $23.6M.
  • "Looking ahead, we anticipate continued strength in network test spending and broader 3D Sensing product adoption in calendar 2018m," said CEO Oleg Khaykin in a statement.
  • Revenue by segment: Network Enablement, $121.5M (up 3.8%); Service Enablement, $32.1M (down 20.9%); Optical Security and Performance Products, $48.2M (down 1.4%).
  • It's guiding to Q3 revenue of $190M-$210M (vs. consensus for $193.4M) and EPS of $0.08-$0.10 (in line with consensus for $0.09).
  • Conference call to come at 4:30 p.m. ET.
  • Press release
  • Now read: Rambus -5.5% after Q4 results, in-line guidance


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