Investing.com - Viavi Solutions (NASDAQ:VIAV) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.18 on revenue of $303.4M. Analysts polled by Investing.com anticipated EPS of $0.1722 on revenue of $290.53M.
Viavi Solutions shares are up 6% from the beginning of the year, still down 6.65% from its 52 week high of $17.13 set on February 16. They are broadly in line with the Nasdaq which is up 5.78% from the start of the year.
Viavi Solutions shares gained 2.19% 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 April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.
Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.
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