Arista Networks Q2 2024 Adj. EPS $2.10 Beats $1.95 Estimate, Sales $1.690B Beat $1.651B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arista Networks (NYSE:ANET) reported Q2 2024 adjusted EPS of $2.10, beating the $1.95 estimate. Sales were $1.690 billion, surpassing the $1.651 billion estimate and marking a 15.83% increase from the same period last year.
July 30, 2024 | 8:04 pm
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Arista Networks reported strong Q2 2024 earnings with an adjusted EPS of $2.10, beating estimates by 7.69%. Sales also exceeded expectations, reaching $1.690 billion, a 15.83% increase YoY.
The strong earnings and revenue beat, along with significant YoY growth, are likely to positively impact ANET's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100