Arista Networks, Inc. (ANET) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $800.99 million, or $0.62 per share. This compares with $694.39 million, or $0.48 per share, last year.
Excluding items, Arista Networks, Inc. reported adjusted earnings of $830.11 million or $0.65 per share for the period.
Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 25.3% to $1.930 billion from $1.540 billion last year.
Arista Networks, Inc. earnings at a glance (GAAP) :
-Earnings: $800.99 Mln. vs. $694.39 Mln. last year.
-EPS: $0.62 vs. $0.48 last year.
-Revenue: $1.930 Bln vs. $1.540 Bln last year.
-Guidance:
Next quarter revenue guidance: $1.93 - $1.97 Bln
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