F5: Fiscal Q2 Earnings Snapshot
By Ap News
Published - Apr 29, 2024, 04:19 PM ET
Last Updated - May 27, 2024, 01:05 AM EDT
SEATTLE (AP) — SEATTLE (AP) — F5 Networks Inc. (FFIV) on Monday reported fiscal second-quarter net income of $119 million.
On a per-share basis, the Seattle-based company said it had profit of $2. Earnings, adjusted for one-time gains and costs, came to $2.91 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.
The computer networking company posted revenue of $681.4 million in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $686.9 million.
