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Investing.com - Viavi Solutions reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viavi Solutions announced earnings per share of $0.21 on revenue of $284.7M. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $277.2M.
Viavi Solutions shares are down 13% from the beginning of the year and are trading at $13.03 , down-from-52-week-high.They are under-performing the Nasdaq which is up 32.52% year to date.
Viavi Solutions follows other major Technology sector earnings this month
Viavi Solutions's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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