Investing.com - Viavi Solutions (NASDAQ:VIAV) 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, still down 11.68% from its 52 week high of $16.35 set on November 4, 2019. 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 following the report.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on July 30, 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 July 22 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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