Viavi Solutions (VIAV) Tops Q4 EPS by 3c, Revenues Beat; Offers 1Q19 Revenue Outlook Above Consensus

Viavi Solutions (NASDAQ: VIAV) reported Q4 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $264 million versus the consensus estimate of $255.11 million.

"VIAVI executed well on its strategic priorities in fiscal year 2018. We improved NSE revenue quality, resulting in operating margin expansion, and increased revenue scale with the acquisitions of Trilithic and the recent T&M businesses of Cobham. We also diversified OSP's profit profile with the successful launch of 3D Sensing products. The 3D Sensing revenue is expected to see continued strong growth in fiscal year 2019," said Oleg Khaykin, VIAVI's President and Chief Executive Officer. "Q4 had a strong finish as revenue, non-GAAP operating margin and EPS exceeded the midpoint guidance range."

Khaykin added, "Looking ahead to fiscal 2019, we are optimistic on several macro industry trends that is expected to further drive revenue and profitability growth for VIAVI through increased Fiber-to-the-Home deployment, 5G wireless deployment and further adoption of 3D Sensing on mobile devices."

GUIDANCE:

Viavi Solutions sees Q1 2019 EPS of $0.12-$0.15, versus the consensus of $0.13. Viavi Solutions sees Q1 2019 revenue of $257-277 million, versus the consensus of $254.39 million.

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

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Robinhood prices $2B convertible notes offering due 2029
• AXT appoints Tracy Liu to its board of directors