Arista Networks: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 04:22 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Arista Networks Inc. (ANET) on Thursday reported third-quarter net income of $747.9 million.
The Santa Clara, California-based company said it had net income of $2.33 per share. Earnings, adjusted for one-time gains and costs, came to $2.40 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The cloud networking company posted revenue of $1.81 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.76 billion.
