its latest results. The company offered 2023 guidance on adjusted earnings before interest, taxes, depreciation, and amortization that was lower than analysts' expected, according to FactSet The telecommunications company topped per-share earnings and sales expectations, according to consensus estimates from Refinitiv.
— Shares surged more than 14% in extended trading after Fortinet surpassed earnings per share expectations, according to StreetAccount. The cybersecurity company posted 44 cents per share, greater than the expected 39 cents per share. However, the cybersecurity company slightly missed revenue estimates, posting $1.28 billion, lower than the predicted $1.3 billion.
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