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Fortinet Q3 Non-GAAP EPS, Revenue Increase; Issues Q4 Outlook
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Fortinet Q3 Non-GAAP EPS, Revenue Increase; Issues Q4 Outlook
Nov 8, 2024 9:12 AM

04:34 PM EST, 11/07/2024 (MT Newswires) -- Fortinet ( FTNT ) reported Q3 non-GAAP earnings Thursday of $0.63 per diluted share, up from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.52.

Revenue for the quarter ended Sept. 30 was $1.51 billion, up from $1.33 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.48 billion.

The company expects Q4 non-GAAP diluted EPS between $0.58 and $0.62 and revenue between $1.56 billion and $1.62 billion.

Analysts polled by Capital IQ expect $0.52 and $1.59 billion.

The company expects fiscal 2024 non-GAAP diluted EPS between $2.20 and $2.28 and revenue between $5.86 billion and $5.92 billion.

The previous guidance was non-GAAP diluted EPS between $2.00 and $2.04 and revenue between $5.8 billion and $5.9 billion.

Analysts surveyed by Capital IQ expect $2.05 and $5.86 billion.

Price: 80.75, Change: -2.93, Percent Change: -3.50

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