SEATTLE (AP) — SEATTLE (AP) — F5 Networks Inc. (FFIV) on Monday reported fiscal fourth-quarter net income of $165.3 million.
The Seattle-based company said it had net income of $2.80 per share. Earnings, adjusted for one-time gains and costs, came to $3.67 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.45 per share.
The computer networking company posted revenue of $746.7 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $729.6 million.
For the year, the company reported profit of $566.8 million, or $9.55 per share. Revenue was reported as $2.82 billion.
For the current quarter ending in December, F5 expects its per-share earnings to range from $3.29 to $3.41.
The company said it expects revenue in the range of $705 million to $725 million for the fiscal first quarter.
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