Investing.com - Viavi Solutions reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.18 on revenue of $266.6M. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $259.39M.
Viavi Solutions shares are down 3% from the beginning of the year and are trading at $14.72 , down-from-52-week-high.They are under-performing the Nasdaq which is up 20.17% from the start of the year.
Viavi Solutions shares gained 1.94% in after-hours trade after the report.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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