F5 (FFIV) Soars 9% as Q1 Earnings and Revenues Beat Estimates

F5, Inc. (FFIV) shares jumped 9.2% during Monday’s extended trading session after the company reported better-than-expected first-quarter fiscal 2024 results. This Seattle, WA-based company’s non-GAAP earnings of $3.43 per share beat the Zacks Consensus Estimate of$3.03 and increased 39% from the year-ago quarter’s $2.47 per share.The bottom line was also way higher than management’s guided range of$2.97-$3.09 per share. The robust bottom-line performance reflects the combined impact of gross margin impro ...