F5, Inc. Q1 Profit Decreases, but beats estimates

(RTTNews) - F5, Inc. (FFIV) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $72.40 million, or $1.20 per share. This compares with $93.56 million, or $1.51 per share, in last year's first quarter.

Excluding items, F5, Inc. reported adjusted earnings of $149.27 million or $2.47 per share for the period.

Analysts on average had expected the company to earn $2.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.