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Viavi tops Q4 expectations, but downbeat guidance sends shares lower

Published 08/15/2017, 04:56 PM
© Reuters.  Viavi tops Q4 expectations, but downbeat guidance sends shares lower
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Investing.com - Viavi Solutions Inc's (NASDAQ:VIAV) shares were falling in the after hours session as traders looked past the company’s earnings and revenue beat and focused on its downbeat guidance.

The company earned 12 cents per share in Q4, topping expectations by 4 cents. Revenue was $198.1 million, $1.88 million above expectations.

While the most recent results surpassed expectations, the company issued downbeat guidance. For the upcoming quarter (Q1) the company is expecting revenue of $173 million to $193 million versus analysts expectations for $199.3 million and EPS of $0.06 to $0.09 below the consensus forecast for $0.10.

Viavi's shares were down 4% during Tuesday's after hours session.

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