10 Firms Buck Market Slump on Impressive Earnings, New Deals

2. Viavi Solutions Inc. (NASDAQ:VIAV)

Viavi Solutions jumped by 20 percent on Friday to end at $12.04 apiece after posting better-than-expected earnings performance in the second quarter of fiscal year 2025.

In a statement, Viavi Solutions said revenues grew by 6 percent to $270.8 million from the $254.5 million registered in the same period last year. The official figures beat analysts’ expectations of $260 million.

Net income for the period, however, came in lower at $9.1 million versus the $10.7 million year-on-year. Analysts were expecting $13.2 million or earnings per share of $0.60.

For the third quarter, Viavi is looking for revenue of $276 million to $288 million, and adjusted earnings of 10 cents to 13 cents a share. Analysts are looking for revenue of $282 million, and adjusted earnings of 12 cents a share.