SANTA CLARA, Calif. (AP) _ Arista Networks Inc. (ANET) on Tuesday reported first-quarter earnings of $180.4 million.

The Santa Clara, California-based company said it had profit of $2.27 per share. Earnings, adjusted for one-time gains and costs, were $2.50 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.

The cloud networking company posted revenue of $667.6 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $640.4 million.

For the current quarter ending in July, Arista Networks said it expects revenue in the range of $675 million to $695 million.

Arista Networks shares have risen slightly more than 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $306.22, an increase of 45% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANET at https://www.zacks.com/ap/ANET

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