F5 Networks estimates 2nd-quarter results below Wall Street

April 4 Thu Apr 4, 2013 4:27pm EDT

April 4 (Reuters) - Network gear maker F5 Networks Inc estimated second-quarter results way below analysts' expectations on significantly lower U.S federal sales and weakness in North America.

The company estimated adjusted earnings of $1.06 to $1.07 per share on revenue of $350.2 million.

Analysts were expecting adjusted earnings of $1.23 per share on revenue of $375.8 million for the quarter ended March 31, according to Thomson Reuters I/B/E/S.