F5 Networks' shares have dropped 13% following mixed results in its latest earnings report. Although the company met revenue expectations of $634.2 million, total revenue fell 2% year-over-year, and earnings per share of $2.13 marked a 14.8% decline from last year. The firm has issued cautious guidance for the remainder of the fiscal year, forecasting only 1.5-4% growth, while regional sales are uneven, with growth in the Americas contrasted by declines in APAC and EMEA.
“F5 Network · were plummeting · shares · down 13%”
“F5 Network · issued · light guidance · for the rest of the year”
“F5 Network · last quarter's revenue · met expectations”
“F5 Network · earnings per share · beat expectations”
“F5 Network · total revenue · was down · 2%”
“F5 Networks · delivered · second-quarter fiscal 2022 non-GAAP earnings per share · $2.13”
“F5 Networks · beat · Zacks Consensus Estimate of earnings per share · $2.01”
“F5 Networks · experienced · decrease in earnings per share · 14.8% from the year-ago quarter”
“F5 Networks · came within · management’s guidance of earnings per share · $1.75-$2.15”
“F5 Networks · reported · non-GAAP revenues · $634.2 million”
“F5 Networks · surpassed · Zacks Consensus Estimate of revenues · $633.6 million”
“F5 Networks · came in higher than · mid-point of the guided range for revenues · $630 million”