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 $0.22 on revenue of $315.5M. Analysts polled by Investing.com anticipated EPS of $0.2089 on revenue of $309.34M.
Viavi Solutions shares are down 18% from the beginning of the year, still down 20.45% from its 52 week high of $18.14 set on January 5. They are outperforming the Nasdaq which is down 19.69% from the start of the year.
Viavi Solutions shares gained 0.90% 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 Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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