Earnings

Palo Alto Networks (PANW) earnings Q2 2024

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Nikesh Arora, Palo Alto Networks

Adam Galica | CNBC

Shares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings.

Here’s how the company did compared to LSEG, formerly Refinitiv, estimates:

  • Earnings per share: $1.46, adjusted, vs. $1.30 expected
  • Revenue: $1.98 billion vs. $1.97 billion expected

Net income was $1.7 billion for the quarter, or $4.89 per share, compared to $84 million, or $0.25 share, for the fiscal second quarter 2023.

The company is now guiding to full-year total billings between $10.1 and $10.2 billion, compared to its previous…



Source cnbc.com

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