Investing.com - Viavi Solutions (NASDAQ:VIAV) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.24 on revenue of $314.8M. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $303.84M.
Viavi Solutions shares are down 11% from the beginning of the year, still down 13.78% from its 52 week high of $18.14 set on January 5. They are broadly in line with the Nasdaq which is down 11.29% from the start of the year.
Viavi Solutions shares gained 1.15% in after-hours trade following the report.
Viavi Solutions follows other major Information Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
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