Arista Networks: Q4 Earnings Snapshot
By AP News
Published - Feb 12, 2024, 04:28 PM ET
Last Updated - Feb 12, 2024, 04:28 PM EST
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Arista Networks Inc. (ANET) on Monday reported fourth-quarter profit of $613.6 million.
The Santa Clara, California-based company said it had profit of $1.92 per share. Earnings, adjusted for one-time gains and costs, were $2.08 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The cloud networking company posted revenue of $1.54 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $1.53 billion.
