US Stocks Move: Fortinet up 13.4% pre-market as Q1 revenue and adjusted earnings beat expectations, full-year outlook raised

Glonghui May 7th | Fortinet (FTNT.US) rose 13.4% in pre-market trading, reaching $102. In terms of news, Fortinet's first quarter revenue was $1.85 billion, a year-on-year increase of 20.1%, exceeding analysts' expectations of $1.73 billion. Adjusted diluted earnings per share were $0.82, higher than both last year's $0.58 and analysts' expectations of $0.62. Looking ahead for the full year, the company raised its performance guidance and now expects revenue to be between $7.71 billion and $7.87 billion, with adjusted diluted earnings per share between $3.10 and $3.16.