SEATTLE (AP) — SEATTLE (AP) — F5 Networks Inc. (FFIV) on Monday reported fiscal third-quarter profit of $144.1 million.
On a per-share basis, the Seattle-based company said it had net income of $2.44. Earnings, adjusted for one-time gains and costs, were $3.36 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.
The computer networking company posted revenue of $695.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $686.6 million.
For the current quarter ending in September, F5 expects its per-share earnings to range from $3.38 to $3.50.
The company said it expects revenue in the range of $720 million to $740 million for the fiscal fourth quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFIV at https://www.zacks.com/ap/FFIV
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