Palo Alto: Fiscal Q3 Earnings Snapshot

May 19, 2022 GMT

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 ( using data from Zacks Investment Research. Access a Zacks stock report on PANW at