Viavi Solutions (VIAV) Tops Q4 EPS by 4c

Viavi Solutions (NASDAQ: VIAV) reported Q4 EPS of $0.12, $0.04 better than the analyst estimate of $0.08. Revenue for the quarter came in at $198.1 million versus the consensus estimate of $196.22 million.

GUIDANCE:

Viavi Solutions sees Q1 2018 EPS of $0.06-$0.09. Viavi Solutions sees Q1 2018 revenue of $179-193 million.

For the first quarter of fiscal 2018 ending September 30, 2017, the Company expects non-GAAP net revenue to be between $173 million to $193 million and non-GAAP earnings per share to be $0.06 to $0.09. With respect to our expectations above, the Company has not reconciled non-GAAP net income per share to GAAP net income (loss) per share in this press release because it is unable to provide a meaningful or accurate estimate of certain reconciling items described in the "Use of Non-GAAP (Adjusted) Financial Measures" section below and the information is not available without unreasonable effort as a result of the inherent difficulty of forecasting the timing and/or amounts of certain items, including gain or loss on debt extinguishment and certain charges arising from acquisition and integration. In addition, the Company believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors.

For earnings history and earnings-related data on Viavi Solutions (VIAV) click here.

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