Viavi Solutions (NASDAQ: VIAV) reported Q4 EPS of $0.18, $0.05 better than the analyst estimate of $0.13. Revenue for the quarter came in at $266.6 million versus the consensus estimate of $259.44 million.

"In fiscal fourth quarter our Wireless Lab equipment business delivered a record revenue quarter driven by 5G and we also saw overall NSE demand stabilizing," said Oleg Khaykin, VIAVI's President and Chief Executive Officer. "For the full fiscal year 2020, revenue and non-GAAP EPS grew despite the business impact from the COVID-19 pandemic in the second half."

Khaykin added, "Although near-term macroeconomic uncertainty is expected, we remain positive on the secular demand drivers for increased network capacity that drive 5G Wireless and Fiber and the continued penetration and adoption of 3D Sensing technology in mobile applications."

GUIDANCE:

Viavi Solutions sees Q1 2021 EPS of $0.14-$0.16, versus the consensus of $0.14. Viavi Solutions sees Q1 2021 revenue of $258-282 million, versus the consensus of $268.44 million.

For earnings history and earnings-related data on Viavi Solutions (VIAV) click here.