Arista Networks, Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Arista Networks, Inc. (ANET) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $665.428 million, or $2.08 per share. This compares with $491.885 million, or $1.55 per share, in last year's second quarter.

Excluding items, Arista Networks, Inc. reported adjusted earnings of $672.644 million or $2.10 per share for the period.

Analysts on average 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 15.9% to $1.690 billion from $1.458 billion last year.

Arista Networks, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $665.428 Mln. vs. $491.885 Mln. last year. -EPS (Q2): $2.08 vs. $1.55 last year. -Revenue (Q2): $1.690 Bln vs. $1.458 Bln last year.

-Guidance: Next quarter revenue guidance: $1.72 - $1.75 Bln