logo
  

Fortinet, Inc. Q2 adjusted earnings Beat Estimates

Fortinet, Inc. (FTNT) released a profit for its second quarter that climbed from last year.

The company's bottom line totaled $137.5 million, or $0.82 per share. This compares with $113.8 million, or $0.69 per share, in last year's second quarter.

Excluding items, Fortinet, Inc. reported adjusted earnings of $158.7 million or $0.95 per share for the period.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.7% to $801.1 million from $617.6 million last year.

Fortinet, Inc. earnings at a glance:

-Earnings (Q2): $158.7 Mln. vs. $136.6 Mln. last year.
-EPS (Q2): $0.95 vs. $0.83 last year.
-Analysts Estimate: $0.88
-Revenue (Q2): $801.1 Mln vs. $617.6 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.90 - $0.95
Next quarter revenue guidance: $800 - $815 Mln
Full year EPS guidance: $3.75 - $3.90
Full year revenue guidance: $3.210 - $3.250 Bln

For comments and feedback contact: editorial@rttnews.com

RELATED NEWS
Follow RTT