F5 Networks Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - F5 Networks Inc. (FFIV) released earnings for second quarter that dropped from last year.

The company's earnings came in at $61.38 million, or $1.00 per share. This compares with $116.09 million, or $1.93 per share, in last year's second quarter.

Excluding items, F5 Networks Inc. reported adjusted earnings of $135.95 million or $2.23 per share for the period.

Analysts had expected the company to earn $1.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $583.45 million from $544.90 million last year.

F5 Networks Inc. earnings at a glance:

-Earnings (Q2): $135.95 Mln. vs. $154.44 Mln. last year. -EPS (Q2): $2.23 vs. $2.57 last year. -Analysts Estimate: $1.95 -Revenue (Q2): $583.45 Mln vs. $544.90 Mln last year.

-Guidance: Next quarter EPS guidance: $1.91 - $2.13 Next quarter revenue guidance: $555 - $585 Mln