NEW YORK (Thomson Financial) - F5 Networks Inc. reported late Wednesday
second-quarter adjusted earnings of $28.9 million, or 35 cents a share, beating
the mean estimate of analysts polled by Thomson Reuters of 21 cents a share.
In the same period a year earlier, the company posted adjusted earnings of
$29.2 million, or 34 cents a share.
Revenue for the period ended March 31 rose 25% to $159.1 million from last
year's $127.6 million, topping analyst expectations of $156.2 million.
The Seattle, Wash.-based application delivery networking company said
current economic weakness could slow the company's growth in the third quarter,
ending June 30, although it "remains confident" in its ability to achieve
sequential revenue growth.
The company expects third-quarter adjusted earnings of 34 cents to 35 cents
a share on revenue of $160 million to $162 million.
Analysts, on average, are looking for third-quarter earnings of 22 cents a
share on sales of $161.4 million.
The stock closed the regular session at $22.19.
Wanfeng Zhou
wz/gm
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