05:07 PM EDT, 07/29/2024 (MT Newswires) -- F5 (FFIV) reported fiscal Q3 non-GAAP earnings late Monday of $3.36 per diluted share, up from $3.21 a year earlier.

Analysts polled by Capital IQ expected $2.97.

Revenue for the quarter ended June 30 was $695.5 million, down from $702.6 million a year earlier.

Analysts polled by Capital IQ expected $686 million.

The company said it expects fiscal Q4 non-GAAP earnings of $3.38 to $3.50 per diluted share on revenue of $720 million to $740 million. Analysts polled by Capital IQ expect $3.33 and $717 million, respectively.

F5 said it now expects fiscal year 2024 revenue toward the top end of its prior expectations, at about $2.8 billion, or roughly flat with last year. The company previously expected a growth range of flat to down 2%. Analysts polled by Capital IQ expect $2.78 billion.

The company also now estimates non-GAAP earnings per share for fiscal 2024 to grow about 12% year over year. The company previously issued a guidance of 7% to 9% growth. Analysts polled by Capital IQ expect $12.69.

Shares of the company jumped past 14% in after-hours activity.

Price: 203.00, Change: +25.41, Percent Change: +14.31