Fortinet Q2 2024 Adj. EPS $0.57 Beats $0.41 Estimate, Sales $1.430B Beat $1.403B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortinet (NASDAQ:FTNT) reported Q2 2024 adjusted EPS of $0.57, beating the estimate of $0.41 by 39.02%. Sales were $1.430 billion, surpassing the $1.403 billion estimate and marking a 10.60% increase from the same period last year.
August 06, 2024 | 8:06 pm
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Fortinet reported strong Q2 2024 earnings with an adjusted EPS of $0.57, beating estimates by 39.02%. Sales also surpassed expectations, reaching $1.430 billion, a 10.60% increase YoY.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact Fortinet's stock price in the short term.
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