Loading...
•
Mar 30, 2024
Viavi Q3 2024 Earnings Report
Reported results for the third fiscal quarter ended March 30, 2024.
Key Takeaways
VIAVI's third quarter fiscal 2024 net revenue was $246.0 million. GAAP net loss was $(24.6) million, or $(0.11) per share. Non-GAAP net income was $13.2 million, or $0.06 per share. The company's revenue came in at the lower end of their guidance, with stronger OSP demand partially offsetting weaker than expected NSE demand.
Net revenue was $246.0 million, down 0.7% year-over-year.
GAAP operating margin was (4.8)%, down 400 bps year-over-year.
Non-GAAP operating margin was 9.3%, down 210 bps year-over-year.
GAAP diluted EPS was $(0.11), down $0.04 or 57.1% year-over-year.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2024 ending June 29, 2024, the Company expects net revenue to be between $246 million to $258 million and non-GAAP EPS to be between $0.06 to $0.08.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...