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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 249.63-1.4%9:30 AM EST

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From: Moonray7/22/2009 7:11:44 PM
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F5 Networks offers 4Q outlook above expectations
Wednesday July 22, 2009, 6:22 pm EDT

F5 Networks expects 4th-quarter profit above analyst expectations

SEATTLE (AP) -- F5 Networks Inc., which makes products that manage and route computer network traffic, said Wednesday it expects fiscal fourth-quarter profit above analyst expectations.

The Seattle-based company said it predicts a fourth-quarter profit of 40 cents to 42 cents per share, excluding a stock-option expense, while analysts polled by Thomson Reuters predict a profit of 38 cents per share.

Analyst estimates typically exclude one-time items.

The guidance came as the company said fiscal third-quarter profit rose 19 percent while revenue fell 4 percent to $158.2 million. Excluding a stock-option expense, the company's quarterly earnings beat expectations, as did its revenue number.

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