Fortinet Q3 EPS $0.41 Beats $0.36 Estimate, Sales $1.33B Miss $1.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortinet (NASDAQ:FTNT) reported Q3 earnings of $0.41 per share, beating the analyst consensus estimate of $0.36 by 13.89%. However, the company's quarterly sales of $1.33 billion missed the analyst consensus estimate of $1.35 billion by 0.96%.
November 02, 2023 | 8:05 pm
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Fortinet's Q3 earnings beat estimates but sales fell short. This mixed result could lead to uncertainty in the market.
Fortinet's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which is a negative signal. These mixed results could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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