Updated from 5:18 p.m ET for latest share prices, links, added information on WebMD.
NEW YORK ( TheStreet) -- Shares of F5 Networks (FFIV - Get Report) surged in late trades on Wednesday after the networking equipment maker posted above-consensus quarterly results and gave a bullish outlook.
Seattle-based F5 reported a non-GAAP profit of $82.2 million, or $1.03 a share, for its fiscal first quarter ended Dec. 31 with revenue rising 20% year-over-year to $322.4 million. The average analyst estimate was for a profit of $1.01 a share in the quarter on revenue of $319.2 million.
For its fiscal second quarter ending in March, F5 forecast non-GAAP earnings of $1.05 to $1.07 a share on revenue ranging from $332 million to $337 million. The consensus is currently calling for earnings of $1.05 a share in the three-month period on revenue of $330.5 million.
XilinxShares of Xilinx (XLNX - Get Report) jumped in the extended session after the maker of programmable logic chips easily eclipsed Wall Street's earnings expectations in its latest quarter. The company posted fiscal third-quarter earnings of $127 million, or 47 cents a share, on revenue of $511.1 million. The latest results included a tax benefit of 6 cents a share. The consensus view was for a profit of 37 cents a share in the December-ended period on revenue of $499.3 million.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts