RTTNews | May 4, 2021 04:25PM EDT

16:25 Tuesday, May 4, 2021 (RTTNews.com) - Arista Networks, Inc. (ANET) announced a profit for its first quarter that advanced from the same period last year.

The company's earnings totaled $180.37 million, or $2.27 per share. This compares with $138.43 million, or $1.73 per share, in last year's first quarter.

Excluding items, Arista Networks, Inc. reported adjusted earnings of $198.84 million or $2.50 per share for the period.

Analysts had expected the company to earn $2.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.6% to $667.56 million from $523.03 million last year.

Arista Networks, Inc. earnings at a glance:

-Earnings (Q1): $198.84 Mln. vs. $161.69 Mln. last year.-EPS (Q1): $2.50 vs. $2.02 last year.-Analysts Estimate: $2.38-Revenue (Q1): $667.56 Mln vs. $523.03 Mln last year.

-Guidance:Next quarter revenue guidance: $675 - $695 Mln

Read the original article on RTTNews ( https://www.rttnews.com/3191451/arista-networks-inc-q1-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved