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