Viavi Solutions Q4 Adj EPS $0.10 Beats $0.08 Estimate, Sales $263.60M Beat $251.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Viavi Solutions reported Q4 adjusted earnings of $0.10 per share, beating the analyst consensus estimate of $0.08 by 25%. However, this is a 58.33% decrease from the same period last year. The company also reported quarterly sales of $263.60 million, beating the analyst consensus estimate of $251.98 million by 4.61%, but this is a 21.38% decrease from the same period last year.
August 10, 2023 | 8:19 pm
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NEUTRAL IMPACT
Viavi Solutions reported better than expected Q4 earnings and sales, but both figures are down significantly from the same period last year.
While Viavi Solutions beat analyst estimates for Q4, the significant decrease in both earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100