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Viavi Solutions beats Q4 estimates, misses on guidance; shares down 3.6%

Published 08/15/2017, 04:41 PM
© Reuters.  Viavi Solutions beats Q4 estimates, misses on guidance; shares down 3.6%
VIAV
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  • Viavi Solutions (NASDAQ:VIAV) reports Q4 earnings with EPS and revenue beats with revenue down 11.6% on the year. Network Enablement sales were down 17.6% on the year to $105M. Service Enablement sales were down 12.2% to $29.5M. Optical Security and Performance Products grew 1% to $63.6M.
  • Adjusted gross margin was 62.7% compared to 62.2% in the previous quarter and 63.3% in Q4 2016. Adjusted operating margin was 15%, up from the 11.9% in Q3 and 13.5% last year.
  • As of July 1, the company had $1.4B in total cash and investments and $1.07B in senior convertible notes with $931.4M classified as long-term debt.
  • Q1 outlook: revenue, $173M to $193M (consensus: $199.3M); EPS, $0.06 to $0.09 (consensus: $0.10).
  • Press release
  • Viavi shares are down 3.57% aftermarket.
  • Previously: Viavi Solutions beats by $0.04, beats on revenue (Aug. 15)
  • Now read: Bitauto -4.2% despite Q2 beat, as headline loss widens


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