07.05.2024 23:08:45 - dpa-AFX: Arista Networks, Inc. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Arista Networks, Inc. (ANET) released earnings for
its first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $637.69 million, or $1.99 per share. This
compares with $436.47 million, or $1.38 per share, in last year's first quarter.

Excluding items, Arista Networks, Inc. reported adjusted earnings of $637.72
million or $1.99 per share for the period.

Analysts on average had expected the company to earn $1.74 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 16.3% to $1.57 million from $1.35
million last year.

Arista Networks, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $637.69 Mln. vs. $436.47 Mln. last year.
-EPS (Q1): $1.99 vs. $1.38 last year.
-Revenue (Q1): $1.57 Mln vs. $1.35 Mln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ARISTA NETWORKS DL-,0001 A11099 Frankfurt 273,500 06.06.24 15:07:03 -3,500 -1,26% 0,000 0,000 274,050 277,000

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