Viavi Solutions (NASDAQ:VIAV) reported its Q2 earnings results on Thursday, February 1, 2024 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Viavi Solutions beat estimated earnings by 22.22%, reporting an EPS of $0.11 versus an estimate of $0.09.
Revenue was down $30.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 5.99% increase in the share price the next day.
Here’s a look at Viavi Solutions’s past performance:
| Quarter | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | 0.08 | 0.09 | 0.11 |
| EPS Actual | 0.09 | 0.10 | 0.08 | 0.14 |
| Revenue Estimate | 249.70M | 251.98M | 250.32M | 271.49M |
| Revenue Actual | 247.90M | 263.60M | 247.80M | 284.50M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Viavi Solutions management provided guidance for Q3 2024, expecting earnings between $0.05 and $0.09 per share.
To track all earnings releases for Viavi Solutions visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
