Extreme Networks: Q3 Earnings Insights - Extreme Networks (NASDAQ:EXTR)

Extreme Networks 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.

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.

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).

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.