Shares of Internet networker F5 Networks (FFIV) - Get Report jumped in extended trading Wednesday after the company beat second-quarter earnings estimates and guided its third quarter above current forecasts.
The stock was recently up $9.70, or 14.7%, in after-hours trading to $75.77; shares had slipped about 1.5% during the regular session.
F5 said net income for the quarter ended March 31 rose to $20 million, or 47 cents a share, from $16.1 million, or 40 cents a share, a year earlier.
Revenue grew 36% to $127.6 million.
Both results exceeded the analyst consensus estimate of Thomson Financial, which had expected the company to earn 45 cents a share on revenue of $125.5 million.
"The company's solid revenue gains reflect the continuing strength of its core application delivery networking business, which grew 8 percent during the quarter and accounted for 92 percent of total revenue," the company said in a press release.
For the third quarter, F5 said it expects to earn 48 cents to 50 cents a share on revenue of $131 million to $133 million.
Analysts were expecting earnings of 48 cents a share on revenue of $130.8 million.