Arista Networks, Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Arista Networks, Inc. (ANET) announced a profit for its first quarter that advanced from the same period last year.

The company's earnings totaled $180.37 million, or $2.27 per share. This compares with $138.43 million, or $1.73 per share, in last year's first quarter.

Excluding items, Arista Networks, Inc. reported adjusted earnings of $198.84 million or $2.50 per share for the period.

Analysts had expected the company to earn $2.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.6% to $667.56 million from $523.03 million last year.

Arista Networks, Inc. earnings at a glance:

-Earnings (Q1): $198.84 Mln. vs. $161.69 Mln. last year. -EPS (Q1): $2.50 vs. $2.02 last year. -Analysts Estimate: $2.38 -Revenue (Q1): $667.56 Mln vs. $523.03 Mln last year.

-Guidance: Next quarter revenue guidance: $675 - $695 Mln