Viavi Solutions Q2 Adj EPS $0.11 Beats $0.09 Estimate, Sales $254.50M Beat $251.00M Estimate
Portfolio Pulse from totan@benzinga.com
Viavi Solutions (NASDAQ:VIAV) reported Q2 adjusted EPS of $0.11, surpassing the $0.09 estimate, and sales of $254.50M, exceeding the $251.00M estimate. However, this represents a decrease from the previous year's earnings and sales.
February 01, 2024 | 9:38 pm
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Viavi Solutions reported higher-than-expected Q2 earnings and sales, with adjusted EPS at $0.11 and sales at $254.50M, beating estimates but showing a year-over-year decline.
The positive earnings and sales beat are likely to be viewed favorably by investors, potentially leading to a short-term uptick in VIAV's stock price. However, the year-over-year decline in both metrics may temper some of the enthusiasm, suggesting a cautious optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100