Viavi Solutions: Q2 Earnings Insights - Viavi Solutions (NASDAQ:VIAV)

Viavi Solutions 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:

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).

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.