Investing.com - Viavi Solutions reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.24 on revenue of $326.8M. Analysts polled by Investing.com anticipated EPS of $0.2089 on revenue of $310.59M.
Viavi Solutions shares are up 10% from the beginning of the year and are trading at $16.53 , down-from-52-week-high.They are under-performing the Nasdaq which is up 23.68% from the start of the year.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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