Viavi Solutions (VIAV) Tops Q1 EPS by 2c

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Viavi Announces First Quarter Fiscal 2017 Results

November 1, 2016 4:08 PM EDT

MILPITAS, Calif., Nov. 1, 2016 /PRNewswire/ -- Viavi (NASDAQ: VIAV) today reported results for its first fiscal quarter ended October 1, 2016. Amounts presented below are on a continuing operations basis unless otherwise noted.

GAAP net revenue was $210.8 million, with net income of 78.0 million, or $0.33 per share. Prior quarter GAAP net revenue was $224.1 million, with net loss of (64.5) million or $(0.28) per share which included a non-cash goodwill impairment charge of $91.4 million related to our Service Enablement segment. GAAP net revenue for the first quarter of... More