Extreme Networks Inc. Q2 Profit Increases, beats estimates

Extreme Networks Inc. (EXTR) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $17.9 million, or $0.13 per share. This compares with $13.3 million, or $0.10 per share, in last year's second quarter.

Excluding items, Extreme Networks Inc. reported adjusted earnings of $36.5 million or $0.27 per share for the period.

Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.3% to $318.3 million from $280.9 million last year.

Extreme Networks Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $17.9 Mln. vs. $13.3 Mln. last year.
-EPS (Q2): $0.13 vs. $0.10 last year.
-Analyst Estimate: $0.24
-Revenue (Q2): $318.3 Mln vs. $280.9 Mln last year.

Next quarter EPS guidance: $0.23 to $0.29
Next quarter revenue guidance: $315 to $325 Mln

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