Palo Alto Networks (PANW) earnings report Q4 2023

Palo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts’ estimates.

The stock had dropped 16% in August leading up the report as investors worried that the company’s decision to announce results late on a Friday suggested the release may include troublesome numbers.

Here’s how the company did for the quarter ended July 31:

• Earnings: $1.44 per share, adjusted, vs. $1.28 per share, adjusted, as expected by Refinitiv.
• Revenue: $1.95 billion, vs. $1.96 billion as expected by…