CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Viavi Solutions Inc. (VIAV) on Thursday reported a loss of $24.6 million in its fiscal third quarter.
The Chandler, Arizona-based company said it had a loss of 11 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The communications equipment company posted revenue of $246 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $249.2 million.
For the current quarter ending in June, Viav Solutions expects its per-share earnings to range from 6 cents to 8 cents.
The company said it expects revenue in the range of $246 million to $258 million for the fiscal fourth quarter.
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