Investing.com - Viavi Solutions reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.23 on revenue of $299.9M. Analysts polled by Investing.com anticipated EPS of $0.1888 on revenue of $289.94M.
Viavi Solutions shares are up 7% from the beginning of the year and are trading at $16.96 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.62% from the start of the year.
Viavi Solutions shares gained 5.54% in after-hours trade following the report.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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