Palo Alto: Fiscal Q3 Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Palo Alto Networks Inc. (PANW) on Thursday reported a loss of $73.2 million in its fiscal third quarter.
The Santa Clara, California-based company said it had a loss of 74 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.79 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The security software maker posted revenue of $1.39 billion in the period, also exceeding Street forecasts. Fifteen analysts surveyed by Zacks expected $1.36 billion.
For the current quarter ending in July, Palo Alto expects its per-share earnings to range from $2.26 to $2.29. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.21.
The company said it expects revenue in the range of $1.53 billion to $1.55 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $1.53 billion.
Palo Alto expects full-year earnings in the range of $7.43 to $7.46 per share, with revenue ranging from $5.48 billion to $5.5 billion.
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