Viav Solutions (VIAV) Tops Q3 Earnings and Revenue Estimates

Company Performance - Viav Solutions reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and showing an increase from $0.06 per share a year ago, representing an earnings surprise of 25% [1] - The company posted revenues of $284.8 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.96%, and up from $246 million in the same quarter last year [2] - Over the last four quarters, Viav Solutions has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Market Comparison - Viav Solutions shares have increased approximately 4.8% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $295.3 million, and for the current fiscal year, it is $0.44 on revenues of $1.09 billion [7] - The estimate revisions trend for Viav Solutions is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Communication - Components industry, to which Viav Solutions belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Ooma, is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year change of +28.6% [9]