05:53 PM EDT, 10/31/2024 (MT Newswires) -- Viavi Solutions ( VIAV ) reported fiscal Q1 non-GAAP earnings late Thursday of $0.06 per diluted share, down from $0.09 a year earlier.

Analysts polled by Capital IQ expected $0.06.

Net revenue in the three months ended Sept. 28 fell to $238.2 million from $247.9 million a year earlier.

Analysts surveyed by Capital IQ expected $240.1 million.

The company expects fiscal Q2 non-GAAP EPS of $0.09 to $0.11 on net revenue of $255 million to $265 million. Analysts project normalized EPS $0.08 on revenue of $248.6 million.