Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025.
Jeenah Moon | Reuters
Palo Alto Networks shares dropped over 4% on Tuesday after the company reported its fiscal third-quarter earnings.
Here’s how the company did, compared to analysts’ consensus estimates from LSEG:
- Earnings per share: $0.80 adjusted vs. $0.77 expected
- Revenue: $2.29 billion vs. $2.28 billion expected
Sales in in the company’s fiscal third-quarter came grew 15% year over year. It logged $0.3 billion in net income for the quarter, or $0.37 per diluted share.
The company said its fourth-quarter adjusted EPS will come in the range of $0.87 cents to $0.89, ahead of analysts estimates of $0.86.
Palo Alto Networks said that its non-GAAP gross margin was 76%, which was below analysts estimates of 77.2%.
The company said capital expenditures for its latest quarter was $68.3 million, below Wall Street estimates of $70.8 million.
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