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Fortinet: Q3 Earnings Snapshot
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SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Fortinet Inc. (FTNT) on Wednesday reported third-quarter profit of $635.5 million.

On a per-share basis, the Sunnyvale, California-based company said it had profit of 86 cents. Earnings, adjusted for one-time gains and costs, were 91 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The network security company posted revenue of $2.08 billion in the period, also exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $2.06 billion.

For the current quarter ending in December, Fortinet expects its per-share earnings to range from 93 cents to 95 cents.

The company said it expects revenue in the range of $2.15 billion to $2.25 billion for the fiscal fourth quarter.

Fortinet expects full-year earnings in the range of $3.54 to $3.58 per share, with revenue ranging from $8.13 billion to $8.22 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTNT at https://www.zacks.com/ap/FTNT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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