Palo Alto: Fiscal Q2 Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Palo Alto Networks Inc. (PANW) on Tuesday reported a loss of $93.5 million in its fiscal second quarter.

The Santa Clara, California-based company said it had a loss of 95 cents per share. Earnings, adjusted for one-time gains and costs, were $1.74 per share.

The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.

The security software maker posted revenue of $1.32 billion in the period, also topping Street forecasts. Fourteen analysts surveyed by Zacks expected $1.28 billion.

For the current quarter ending in May, Palo Alto expects its per-share earnings to range from $1.65 to $1.68. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.63.

The company said it expects revenue in the range of $1.35 billion to $1.37 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $1.34 billion.

Palo Alto expects full-year earnings in the range of $7.23 to $7.30 per share, with revenue ranging from $5.43 billion to $5.48 billion.

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