Fortinet, Inc. (FTNT) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $526.2 million, or $0.68 per share. This compares with $310.9 million, or $0.40 per share, last year.
Excluding items, Fortinet, Inc. reported adjusted earnings of $571.5 million or $0.74 per share for the period.
Analysts on average had expected the company to earn $0.61 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.3% to $1.660 billion from $1.415 billion last year.
Fortinet, Inc. earnings at a glance (GAAP) :
-Earnings: $526.2 Mln. vs. $310.9 Mln. last year.
-EPS: $0.68 vs. $0.40 last year.
-Revenue: $1.660 Bln vs. $1.415 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.52 to $0.54
Next quarter revenue guidance: $1.500 to $1.560 Bln
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