Viavi's (VIAV) Q4 Earnings Beat Estimates, Revenues Fall Y/Y

Viavi Solutions Inc. (VIAV) reported modest fourth-quarter fiscal 2024 results, wherein the top line matched the Zacks Consensus Estimate, and the bottom line beat the same. However, sluggish demand trends in all verticals, a constrained spending environment owing to macroeconomic challenges and inventory adjustments led to lower revenues year over year. Net Income On a GAAP basis, Viavi incurred a net loss of $21.7 million or a loss of 10 cents per share compared with a net loss of$0.1 million or break-ev ...