SEATTLE (AP) _ F5 Networks Inc. (FFIV) on Tuesday reported fiscal first-quarter net income of $72.4 million.
The Seattle-based company said it had profit of $1.20 per share. Earnings, adjusted for one-time gains and costs, were $2.47 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The computer networking company posted revenue of $700.4 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $700.6 million.
For the current quarter ending in March, F5 expects its per-share earnings to range from $2.36 to $2.48. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.61.
The company said it expects revenue in the range of $690 million to $710 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $690.6 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFIV at https://www.zacks.com/ap/FFIV
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