Fortinet: Q2 Earnings Snapshot
By AP News
Published - Aug 06, 2024, 04:16 PM ET
Last Updated - Aug 06, 2024, 04:16 PM EDT
SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Fortinet Inc. (FTNT) on Tuesday reported second-quarter net income of $379.8 million.
The Sunnyvale, California-based company said it had profit of 49 cents per share. Earnings, adjusted for one-time gains and costs, came to 57 cents per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The network security company posted revenue of $1.43 billion in the period, also beating Street forecasts. Fourteen analysts surveyed by Zacks expected $1.4 billion.
