CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Viavi Solutions Inc. (VIAV) on Thursday reported a loss of $21.7 million in its fiscal fourth quarter.
On a per-share basis, the Chandler, Arizona-based company said it had a loss of 10 cents. Earnings, adjusted for restructuring costs and stock option expense, came to 8 cents per share.
The results exceeded 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 $252 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $251.8 million.
For the year, the company reported a loss of $25.8 million, or 12 cents per share. Revenue was reported as $1 billion.
For the current quarter ending in September, Viav Solutions expects its per-share earnings to range from 5 cents to 7 cents.
The company said it expects revenue in the range of $235 million to $245 million for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIAV at https://www.zacks.com/ap/VIAV
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