F5 Networks Inc. shares dropped in the extended session Wednesday after the network software company's outlook and quarterly revenue fell below Wall Street estimates. F5 shares fell 7.2% to $119 after hours. F5 said it expects fiscal fourth-quarter adjusted earnings of $2.20 to $2.23 a share on revenue of $530 million to $540 million. Analysts surveyed by FactSet had estimated earnings of $2.23 a share on revenue of $551.5 million. The company reported fiscal third-quarter net income of $97.7 million, or $1.52 a share, compared with $91.8 million, or $1.37 a share, in the year ago period. Adjusted earnings were $2.03 a share. Revenue rose to $517.8 million from $496.5 million in the year ago period. Analysts had estimated $2.03 a share on revenue of $525.6 million.
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