Viavi Solutions (NASDAQ: VIAV) reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $303.4 million versus the consensus estimate of $290.52 million.

"Fiscal Q3 2021 posted record revenue and non-GAAP profitability for a March quarter, typically a seasonally weak quarter period. VIAVI exceeded the high end of the guidance range with the revenue at $303.4 million and non-GAAP operating margin at 20.2%. Non-GAAP EPS at $0.18 reached the high end of the range," said Oleg Khaykin, VIAVI's President and Chief Executive Officer. "NSE revenue continued to see strong recovery momentum and exceeding our expectations, up 12.9% from a year ago levels led by strength in Fiber, Cable, and Wireless. OSP revenue came in-line with our guidance, up 33.2% year-on-year due to strong demand in both Anti-Counterfeiting and 3D Sensing."

Khaykin added, "For Q4, we expect NSE revenue to continue to strengthen, driven by strong demand for Field Instruments and Lab Equipment. OSP revenue is expected to be significantly up year-on-year, but sequentially down from a very strong fiscal Q3, driven by lower Anti-Counterfeiting and seasonally weaker 3D Sensing demand."

GUIDANCE:

Viavi Solutions sees Q4 2021 EPS of $0.18-$0.20, versus the consensus of $0.19. Viavi Solutions sees Q4 2021 revenue of $290-310 million, versus the consensus of $299.7 million.

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