Fortinet Q4 Adj. Profit Tops View - Quick Facts

(RTTNews) - Fortinet (FTNT) reported fourth-quarter net income of $12.0 million or $0.07 per share, compared to $21.5 million or $0.13 per share, last year.

Adjusted net income was $25.9 million or $0.15 per share, down from $28.2 million, or $0.17 per share in the comparable quarter last year. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.14 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $177.35 million, up 17% from $151.36 million, prior year. Analysts expected revenue of $166.07 million for the quarter.