finance
Viavi Solutions Reports Fiscal Q3 Earnings and Revenue Above Estimates, Shares Rise 25% in After-Hours Trading
Viavi Solutions Inc. shares rose sharply after the company reported fiscal third-quarter results that exceeded analyst expectations. Net revenue increased 42.8% year-over-year to $406.8 million, with non-GAAP earnings per share at $0.27. The network and service enablement segment drove much of the growth.
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Viavi Solutions Inc. 99 in after-hours trading on Wednesday following the release of the company's fiscal third-quarter results. 32%.
The results cover the period ended March 28. 8% increase year-over-year, according to Benzinga. 27, up 80% from the previous year.
0%. 5 million, Benzinga stated. As of March 28, Viavi Solutions held $508 million in cash and short-term investments.
These figures highlight robust performance across key areas. The statement underscores the drivers behind the quarterly gains. Benzinga noted that the results positioned the company favorably amid market trends.
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