Viavi Solutions (VIAV) Tops Q2 EPS by 4c, Revenues Beat; Offers Q3 EPS/Revenue Outlook

Viavi Solutions (NASDAQ: VIAV) reported Q2 EPS of $0.23, $0.04 better than the analyst estimate of $0.19. Revenue for the quarter came in at $313.7 million versus the consensus estimate of $303.2 million.

"We are pleased with our fiscal Q2 2020 results as VIAVI delivered record revenue, non-GAAP operating margin and non-GAAP EPS and broke the prior record financial performance set in fiscal Q2 2019," said Oleg Khaykin, VIAVI\'s President and Chief Executive Officer. \"Both NSE and OSP business segments delivered strong performance."

Khaykin added, "Looking ahead, we expect 5G Wireless field deployment, starting in late calendar 2020, increased penetration of 3D Sensing applications in mobile devices, and fiber network densification to drive our business growth this calendar year."

GUIDANCE:

Viavi Solutions sees Q3 2020 EPS of $0.13-$0.15, versus the consensus of $0.14. Viavi Solutions sees Q3 2020 revenue of $268-288 million, versus the consensus of $275.39 million.

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

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