Viavi Solutions Inc (VIAV) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.08. The company posted revenue of $220.40 million in the period, compared to analysts expectations of $218.38 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
In a different news, on Feb 24, 2016, Luke M Scrivanich (SVP General Manager OSP) sold 4,561 shares at $6.33 per share price. According to the SEC, on Feb 24, 2016, Kevin Christopher Siebert (VP General Counsel & Secretary) sold 1,101 shares at $6.33 per share price. On Feb 24, 2016, Susan Louise Spradley (SVP General Manager NSE) sold 6,404 shares at $6.42 per share price, according to the Form-4 filing with the securities and exchange commission.
Viavi Solutions Inc formerly JDS Uniphase Corporation is a provider of network and service enablement solutions and optical products for telecommunications service providers wireless operators cable operators network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE) Communications and Commercial Optical Products (CCOP) and Optical Security and Performance Products (OSP). The NSE business provides network and service enablement solutions which enable the design development deployment and maintenance of communication equipment and networks. The CCOP business segment provides optical communications products used by NEMs for telecommunications and enterprise data center communications. The OSP segment provides optical security and performance products targeted to customers in the anti-counterfeiting consumer electronics government healthcare and other markets.