F5 (NASDAQ:FFIV) reported its Q2 earnings results on Wednesday, April 19, 2023 at 04:35 PM.
Here’s what investors need to know about the announcement.
Earnings
F5 beat estimated earnings by 4.55%, reporting an EPS of $2.53 versus an estimate of $2.42.
Revenue was up $68.95 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.14 which was followed by a 0.67% drop in the share price the next day.
Here’s a look at F5’s past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.33 | 2.52 | 2.24 | 2.01 |
| EPS Actual | 2.47 | 2.62 | 2.57 | 2.13 |
| Revenue Estimate | 700.68M | 692.05M | 667.49M | 634.08M |
| Revenue Actual | 700.38M | 700.03M | 674.49M | 634.22M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
F5 management provided guidance for FY 2023, expecting earnings between $10.9 and $11.31 per share.
To track all earnings releases for F5 visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
