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 $0.24 on revenue of $335.3M. Analysts polled by Investing.com anticipated EPS of $0.2267 on revenue of $321.14M.
Viavi Solutions shares are down 13% from the beginning of the year, still down 15.82% from its 52 week high of $18.14 set on January 5. They are outperforming the Nasdaq which is down 18.31% from the start of the year.
Viavi Solutions follows other major Information Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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