VIAV - Viavi gains 4.5% as revenues surprise company guides above expectations

Viavi Solutions (VIAV) is up 4.5% postmarket after beating consensus on top and bottom lines with its fiscal second-quarter earnings, following a better-than-expected decline in revenues. Those revenues dipped 4.4% to $299.9M, which beat consensus and topped company guidance. GAAP net income came in at $21.9M, and non-GAAP net income was $52.1M, down from a prior-year $55.6M. Operating margin (non-GAAP) rose 70 basis points to 22.3%. For Q3, it's guiding to revenue of $280M-$300M (above consensus for $271.9M) and EPS of $0.16-$0.18 (above expectations for $0.15). "For Q3, we expect OSP demand to remain unseasonably strong, reflecting stronger demand for 3D Sensing products and especially strong demand for Anti-Counterfeiting products," says CEO Oleg Khaykin. "NSE revenue is expected to be higher year-on-year, driven by continued recovery in Field Instruments demand and continued strength in Lab & Production." "Calendar 2021 is expected to be a revenue recovery year driven by the

For further details see:

Viavi gains 4.5% as revenues surprise, company guides above expectations