F5 Networks Q1 Profit Shrinks - Quick Facts

(RTTNews) - F5 Networks, Inc. (FFIV) Wednesday reported first-quarter profit of $68.0 million or $0.87 per share, down from $69.5 million or $0.88 per share in the same period last year.

Adjusted earnings for the quarter was $94.8 million or $1.22 per share. On average, 33 analysts polled by Thomson Reuters expected the company to earn $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 11 percent to $406.5 million from $365.5 million last year. Analysts expected revenues of $397.28 million.

Looking ahead to the second quarter, the company has forecast earnings in the order of $0.87 to $0.90 per share, with adjusted earnings ranging between $1.23 and $1.26 per share.

Revenues are expected to be in the range of $408 million to $418 million. Analysts currently expect the company to earn $1.21 per share on revenues of $404.13 million.