Viavi reports Q1 adjusted EPS 9c, consensus 10c

Reports Q1 revenue $247.9M, consensus $249.7M. “VIAVI end markets spend environment continued to be challenging during the September quarter, particularly with the service providers in North America. In view of these continued headwinds, our revenue came in slightly below the mid-point of our guidance with stronger OSP demand helping to offset weaker telecom revenues. Our EPS came in at the low end of our guidance range, driven by lower volume and higher taxes due to less favorable geographic revenue mix,” said Oleg Khaykin, VIAVI’s President and CEO.