Investing.com - Viavi Solutions reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Viavi Solutions announced earnings per share of $0.14 on revenue of $256.2M. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $276.06M. That with comparison to EPS of $0.13 on revenue of $265.2M in the same period a year before.Viavi Solutions had reported EPS of $0.23 on revenue of $313.7M in the previous quarter.Analysts are expecting EPS of $0.16 and revenue of $286.43M in the upcoming quarter.
Viavi Solutions shares are down 20% from the beginning of the year and are trading at $11.90 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.05% year to date.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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