Stock Track | Viavi Solutions Soars 5.22% in After-Hours Trading on Q4 Earnings Beat and Upbeat Guidance

Stock Track08-06

Viavi Solutions shares surged 5.22% in after-hours trading after the company reported fiscal fourth-quarter results that exceeded Wall Street expectations.

The company posted adjusted earnings per share of $0.34, beating the consensus estimate of $0.30. Revenue reached $443.1 million, surpassing the projected $432.6 million. Additionally, Viavi issued a bullish outlook for the first quarter, forecasting net revenue between $450 million and $460 million and non-GAAP EPS of $0.40 to $0.42.

Investors also cheered the company's strong margin performance, with a gross margin of 59.1% and an adjusted operating margin of 24% for the quarter.

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