Arista Networks Q2 EPS $1.58 Beats $1.44 Estimate, Sales $1.46B Beat $1.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arista Networks reported Q2 earnings of $1.58 per share, beating the analyst consensus estimate of $1.44 by 9.72%. This is a 46.3% increase from the same period last year. The company also reported quarterly sales of $1.46 billion, beating the analyst consensus estimate of $1.38 billion by 5.65%, a 38.59% increase from the same period last year.
July 31, 2023 | 8:23 pm
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POSITIVE IMPACT
Arista Networks' Q2 earnings and sales beat estimates, showing significant YoY growth. This could positively impact the company's stock in the short term.
Arista Networks reported better than expected Q2 earnings and sales, which is typically a positive signal for the company's stock. The significant YoY growth in both earnings and sales further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100