Arista Networks (NYSE:ANET) Q2 Adjusted Earnings, Sales Increase; Issues Q3 Revenue Outlook
Arista Networks (NYSE:ANET) reported Q2 adjusted earnings of $1.58 per diluted share, up from $1.08 a year earlier. Analysts polled by Capital IQ expected $1.44. Revenue for the quarter ended June 30 was $1.46 billion, up from $1.05 billion a year earlier. Analysts surveyed by Capital IQ expected $1.38 billion. Arista said it expects Q3 revenue of $1.45 billion to $1.50 billion. Analysts surveyed by Capital IQ are looking for $1.39 billion.