ARIZONA, Calif. (AP) _ Viavi Solutions Inc. (VIAV) on Thursday reported fiscal fourth-quarter earnings of $16.5 million.
The Arizona, California-based company said it had net income of 7 cents per share. Earnings, adjusted for pretax expenses and stock option expense, came to 24 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The communications equipment company posted revenue of $335.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $321.7 million.
For the year, the company reported profit of $15.5 million, or 7 cents per share. Revenue was reported as $1.29 billion.
For the current quarter ending in October, Viav Solutions expects its per-share earnings to range from 22 cents to 24 cents.
The company said it expects revenue in the range of $317 million to $331 million for the fiscal first 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
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