Viavi Solutions Q3 2024 Adj EPS $0.06 Misses $0.07 Estimate, Sales $246.000M Miss $249.083M Estimate
Portfolio Pulse from Benzinga Newsdesk
Viavi Solutions (NASDAQ:VIAV) reported Q3 2024 adjusted EPS of $0.06, missing the $0.07 estimate, and sales of $246M, missing the $249.083M estimate. This represents a 25% decrease in EPS and a 0.73% decrease in sales from the same period last year.

May 02, 2024 | 8:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Viavi Solutions reported a miss in both EPS and sales for Q3 2024, with a notable year-over-year decrease in performance.
Missing both EPS and sales estimates, especially with a year-over-year decrease, typically leads to negative investor sentiment in the short term. The reported figures indicate a decline in performance, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100