CHANDLER, Ariz. (AP) _ Viavi Solutions Inc. (VIAV) on Thursday reported fiscal first-quarter profit of $32.6 million.

The Chandler, Arizona-based company said it had net income of 14 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share.

The communications equipment company posted revenue of $310.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $325.6 million.

For the current quarter ending in December, 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 $261 million to $281 million for the fiscal second quarter.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News