Investing.com - Viavi Solutions (NASDAQ:VIAV) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.22 on revenue of $310.9M. Analysts polled by Investing.com anticipated EPS of $0.1874 on revenue of $300.83M.
Viavi Solutions shares are up 5% from the beginning of the year, still down 12.73% from its 52 week high of $18.14 set on June 16. They are under-performing the Nasdaq which is up 14.96% from the start of the year.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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