SEATTLE (AP) -- NEWS: Data networking company F5 Networks Inc. said Wednesday that its fiscal fourth-quarter profit rose 13 percent as revenue for both its products and services grew. The results beat analysts' expectations and shares rose in aftermarket trading.
DETAILS: CEO John McAdam said the quarter was characterized by strong demand for the company's new products and strength in new and emerging markets.
NUMBERS: Net income in the three months to Sept. 30 hit $76.2 million, or 97 cents per share, compared with $67.7 million, or 85 cents per share, last year.
Excluding stock-based compensation costs and other items, adjusted earnings came to $1.26 per share, above the $1.19 expected, on average, by analysts polled by FactSet.
Revenue rose 9 percent to $395.3 million, also beating the $384.9 million that analysts were looking for.
FUTURE: For the fiscal first quarter through December, the company expects to post $1.17 to $1.20 per share in adjusted earnings on revenue of $390 million to $400 million. Analysts had been looking for $1.20 per share in earnings on $389.3 million in revenue in the current quarter.
STOCK: Shares rose $2.54, or 3 percent, to $88.85 in after-hours trading. The stock fell 4.8 percent to close at $86.31 in the regular session. It's still up 8 percent in the last three months.
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