Viavi Solutions Inc. reported earnings results for the third quarter and nine months ended March 30, 2024. For the third quarter, the company reported sales was USD 246 million compared to USD 247.8 million a year ago. Net loss was USD 24.6 million compared to USD 15.4 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.07 a year ago.
For the nine months, sales was USD 748.4 million compared to USD 842.5 million a year ago. Net loss was USD 4.1 million compared to net income of USD 25.6 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.