Arista Networks, Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Arista Networks, Inc. (ANET) announced earnings for its second quarter that rose from last year.

The company's earnings came in at $196.89 million, or $2.47 per share. This compares with $144.79 million, or $1.83 per share, in last year's second quarter.

Excluding items, Arista Networks, Inc. reported adjusted earnings of $216.83 million or $2.72 per share for the period.

Analysts had expected the company to earn $2.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.8% to $707.32 million from $540.57 million last year.

Arista Networks, Inc. earnings at a glance:

-Earnings (Q2): $216.83 Mln. vs. $167.05 Mln. last year. -EPS (Q2): $2.72 vs. $2.11 last year. -Analysts Estimate: $2.54 -Revenue (Q2): $707.32 Mln vs. $540.57 Mln last year.

-Guidance: Next quarter revenue guidance: $725 - $745 Mln