Palo Alto Networks (PANW) earnings Q3 2022


Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected.

Here’s how the company did:

  • Earnings: $1.79 per share, adjusted, vs. $1.68 per share as expected by analysts, according to Refinitiv.
  • Revenue: $1.39 billion, vs. $1.36 billion as expected by analysts, according to Refinitiv.

Palo Alto Networks said revenue grew 29% year-over-year in the quarter, which ended on April 30, according to a statement. Revenue jumped 30% in the prior quarter.

“We saw strong top-line growth in Q3, which is a testament to our teams’ consistent execution in capitalizing on…

Source cnbc.com

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