ARIZONA, Calif. (AP) _ Viavi Solutions Inc. (VIAV) on Tuesday reported fiscal third-quarter net income of $11.8 million, after reporting a loss in the same period a year earlier.
The Arizona, California-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The communications equipment company posted revenue of $303.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $291.2 million.
For the current quarter ending in June, Viav Solutions expects its per-share earnings to range from 18 cents to 20 cents.
The company said it expects revenue in the range of $290 million to $310 million for the fiscal fourth quarter.
Viav Solutions shares have increased nearly 7% since the beginning of the year.
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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