Investing.com - Viavi Solutions 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 and are trading at $14.56 , down-from-52-week-high.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 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 Tuesday, April 26, 2022 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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