SEATTLE (AP) _ F5 Networks Inc. (FFIV) on Wednesday reported fiscal first-quarter net income of $130.9 million.
The Seattle-based company said it had net income of $2.16 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $2.70 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.
The computer networking company posted revenue of $543.8 million in the period, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $546.7 million.
F5 shares have dropped nearly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. In the final minutes of trading on Wednesday, shares hit $159.18, a climb of 12 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFIV at https://www.zacks.com/ap/FFIV