Arista Networks, Inc. (ANET) released a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $853.0 million, or $0.67 per share. This compares with $748.0 million, or $0.58 per share, last year.
Excluding items, Arista Networks, Inc. reported adjusted earnings of $962.3 million or $0.75 per share for the period.
Analysts on average had expected the company to earn $0.71 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 27.5% to $2.308 billion from $1.810 billion last year.
Arista Networks, Inc. earnings at a glance (GAAP) :
-Earnings: $853.0 Mln. vs. $748.0 Mln. last year.-EPS: $0.67 vs. $0.58 last year.-Revenue: $2.308 Bln vs. $1.810 Bln last year.
-Guidance:Next quarter revenue guidance: $2.3- $2.4 Bln
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