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Palo Alto (PANW) Q2 Earnings Beat, Stock Plunges on Guidance Cut
Palo AltoPalo Alto(US:PANW) Zacks Investment Research·2024-02-21 21:11

Palo Alto Networks, Inc. (PANW) reported better-than-expected results for the second quarter of fiscal 2024. The company reported non-GAAP earnings of 1.46pershareforthesecondquarter,beatingtheZacksConsensusEstimateof1.46 per share for the second quarter, beating the Zacks Consensus Estimate of 1.30. The bottom line improved 39% from the year-ago quarter’s non-GAAP earnings of 1.05pershareandcametowardthehigherendofthecompanysearlierguidancerangeof1.05 per share and came toward the higher end of the company’s earlier guidance range of 1.29-1.31.PaloAltossecondquarterrevenuesof1.31.Palo Alto’s second-quarter revenues of 1.98 billion beat the Zacks Consensus Estimate of $1.9 ...