CHANDLER, Ariz. (AP) _ Viavi Solutions Inc. (VIAV) on Thursday reported fiscal second-quarter profit of $8.4 million.
On a per-share basis, the Chandler, Arizona-based company said it had profit of 4 cents. Earnings, adjusted for stock option expense and amortization costs, were 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The communications equipment company posted revenue of $284.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $270.5 million.
For the current quarter ending in March, Viav Solutions expects its per-share earnings to range from 10 cents to 12 cents.
The company said it expects revenue in the range of $256 million to $276 million for the fiscal third quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VIAV">Zacks stock report on VIAV at https://www.zacks.com/ap/VIAV