12:46 PM EDT, 07/31/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Arista Networks' ( ANET ) shares were up 8.6% in recent Wednesday trading, a day after the company reported Q2 non-GAAP diluted earnings of $2.10 per share, up from $1.58 a year earlier.

Analysts polled by Capital IQ expected $1.94.

Revenue for the quarter ended June 30 was $1.69 billion, up from $1.46 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.65 billion.

The company said it expects Q3 revenue of $1.72 billion to $1.75 billion.

Analysts polled by Capital IQ expect $1.72 billion.

Price: 338.09, Change: +26.67, Percent Change: +8.56