Market Surges: Arista Networks and Woodward Gain Momentum On Upbeat Earnings
- July 31st, 2023
- 387 views
Arista Networks, Inc. (NYSE: ANET) delivered strong second-quarter 2023 financial results, with earnings per share (EPS) of $1.58 and revenues of $1.459 billion, surpassing the consensus estimate of $1.44 on revenue of $1.380 billion.
The company foresees third-quarter revenue in the range of $1.45 billion to $1.50 billion, outpacing analysts' projection of $1.39 billion for the period.
$ANET was trading at $177.21 in after-hours, marking an increase of $22.12 (+14.26%).
In other news, Woodward, Inc. (Nasdaq: WWD) also reported robust third-quarter fiscal 2023 earnings, with EPS of $1.37 and revenues of $801.00 million, beating the consensus estimate of $0.99 on revenue of $698.68 million.
Moreover, the company raised its adjusted EPS guidance for the full fiscal year 2023 to the range of $4.05 to $4.25, up from the prior guidance range of $3.50 to $3.75. Analysts had previously forecasted $3.61 for the period.
In after-hours, $WWD surged by $15.62 (+12.98%) to $136.00.
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