Recap: F5 Q2 Earnings

F5 FFIV reported its Q2 earnings results on Wednesday, April 19, 2023 at 04:35 PM.

Here's what investors need to know about the announcement.

F5 beat estimated earnings by 4.55%, reporting an EPS of $2.53 versus an estimate of $2.42.

Revenue was up $68.95 million from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 0.67% drop in the share price the next day.

Here's a look at F5's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	2.33	2.52	2.24	2.01
EPS Actual	2.47	2.62	2.57	2.13
Revenue Estimate	700.68M	692.05M	667.49M	634.08M
Revenue Actual	700.38M	700.03M	674.49M	634.22M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

F5 management provided guidance for FY 2023, expecting earnings between $10.9 and $11.31 per share.

To track all earnings releases for F5 visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.