Fortinet, Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Fortinet, Inc. (FTNT) reported earnings for its second quarter that rose from last year.

The company's bottom line came in at $137.5 million, or $0.82 per share. This compares with $113.8 M, or $0.69 per share, in last year's second quarter.

Excluding items, Fortinet, Inc. reported adjusted earnings of $158.7 million or $0.95 per share for the period.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.7% to $801.1 M from $617.6 million last year.

Fortinet, Inc. earnings at a glance:

-Earnings (Q2): $158.7 Mln. vs. $136.6 Mln. last year. -EPS (Q2): $0.95 vs. $0.83 last year. -Analysts Estimate: $0.88 -Revenue (Q2): $801.1 M vs. $617.6 Mln last year.

-Guidance: Next quarter EPS guidance: $0.90 - $0.95 Next quarter revenue guidance: $800 - $815 Mln Full year EPS guidance: $3.75 - $3.90 Full year revenue guidance: $3.210 - $3.250 Bln