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Fortinet has reported strong financial results, beating earnings expectations by $0.16 and surpassing revenue forecasts. The company has provided guidance for its third-quarter earnings per share (EPS) above consensus and its full-year 2024 EPS and revenue forecasts also above consensus. Fortinet has raised its annual revenue forecast, indicating positive business momentum. The company also upped its operating margin targets by 20%.
.@BeyondMeat blamed weak demand for continued sales declines in Q2, although revenues exceeded expectations. Net losses fell from $54.4m in Q1 to $34.5m in Q2, while gross margins moved from single digits into the mid-teens following cost-cutting. https://t.co/YbK3fAXh29
Beyond Meat beats revenue estimates on gains from price hikes https://t.co/1yKcHLxeI8 https://t.co/vtPTzuRbjL
Beyond Meat raises annual revenue forecast https://t.co/3NBdJWenU2
