Viavi Solutions: Q2 Earnings Insights

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.

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.

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:

QuarterQ1 2024Q4 2023Q3 2023Q2 2023EPS EstimateEPS ActualRevenue EstimateRevenue Actual

0.10 0.08 0.09 0.11 0.09 0.10 0.08 0.14 249.70M 251.98M 250.32M 271.49M 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).

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.

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