Fortinet, Inc. (FTNT) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $433.4 million, or $0.56 per share. This compares with $299.3 million, or $0.39 per share, last year.
Excluding items, Fortinet, Inc. reported adjusted earnings of $452.3 million or $0.58 per share for the period.
Analysts on average had expected the company to earn $0.53 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.7% to $1.539 billion from $1.353 billion last year.
Fortinet, Inc. earnings at a glance (GAAP) :
-Earnings: $433.4 Mln. vs. $299.3 Mln. last year.
-EPS: $0.56 vs. $0.39 last year.
-Revenue: $1.539 Bln vs. $1.353 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.58 to $0.60
Next quarter revenue guidance: $1.590 to $1.650 Bln
Full year EPS guidance: $2.43 to $2.49
Full year revenue guidance: $6.650 to $6.850 Bln
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