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Investing.com -- F5 Networks beat Wall Street estimates for second-quarter earnings and revenue on Monday but issued a softer-than-expected forecast for the third quarter, sending its shares down 2% in extended trading.
The company reported adjusted earnings per share of $3.42 for the quarter ended March 31, above analysts’ expectations of $3.10.
Revenue rose to $731 million, topping the consensus estimate of $718.2 million.
For the third quarter, F5 projected earnings of $3.41 to $3.53 per share, below analysts’ forecast of $3.56 per share. It expects revenue between $740 million and $760 million, compared with estimates of $740 million.
But F5 raised its full-year 2025 revenue growth outlook to a range of 6.5% to 7.5%, from its prior guidance of 6% to 7%.
The company also lifted its forecast for non-GAAP earnings per share growth to between 8% and 10%, up from 6.5% to 8.5%. On a tax-neutral basis, the midpoint of the earnings outlook implies more than 10% year-over-year growth.