Palo Alto: Fiscal 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Palo Alto Networks Inc. (PANW) on Wednesday reported a loss of $20.8 million in its fiscal fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 22 cents. Earnings, adjusted for one-time gains and costs, were $1.47 per share.
The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The security software maker posted revenue of $805.8 million in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $803.1 million.
For the year, the company reported that its loss narrowed to $81.9 million, or 87 cents per share. Revenue was reported as $2.9 billion.
Palo Alto shares have increased slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $200.44, a fall of 12% in the last 12 months.