06.02.2024 23:23:00 - dpa-AFX: Fortinet, Inc. Q4 Profit Beats Estimates

WASHINGTON (dpa-AFX) - Fortinet, Inc. (FTNT) released a profit for fourth
quarter that beat the Street estimates.

The company's earnings came in at $310.9 million, or $0.40 per share. This
compares with $313.8 million, or $0.40 per share, in last year's fourth quarter.

Excluding items, Fortinet, Inc. reported adjusted earnings of $392.0 million or
$0.51 per share for the period.

Analysts on average had expected the company to earn $0.43 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 10.9% to $1.42 billion from $1.28
billion last year.

Fortinet, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $310.9 Mln. vs. $313.8 Mln. last year.
-EPS (Q4): $0.40 vs. $0.40 last year.
-Analyst Estimates: $0.43
-Revenue (Q4): $1.42 Bln vs. $1.28 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.37 - $0.39
Next quarter revenue guidance: $1.300 - $1.360 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Fortinet A0YEFE NASDAQ 58,639 09.05.24 19:46:19 -0,991 -1,66% 58,630 58,650 59,400 59,630

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