Extreme Networks (NASDAQ:EXTR) reported its Q3 earnings results on Wednesday, April 27, 2022 at 07:05 AM.
Here's what investors need to know about the announcement.
Earnings
Extreme Networks beat estimated earnings by 16.67%, reporting an EPS of $0.21 versus an estimate of $0.18.
Revenue was up $32.11 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 0.66% drop in the share price the next day.
Here's a look at Extreme Networks's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.17 | 0.16 | 0.17 | 0.13 |
| EPS Actual | 0.21 | 0.21 | 0.19 | 0.16 |
| Revenue Estimate | 272.07M | 256.94M | 263.87M | 244.62M |
| Revenue Actual | 280.93M | 267.68M | 278.09M | 253.40M |
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).
Guidance
Extreme Networks management provided guidance for Q4 2022, expecting earnings between $0.12 and $0.18 per share.
To track all earnings releases for Extreme Networks visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
