Trending: Palo Alto Networks 3Q Profit Report Fails to Impress
10:01 ET -- Palo Alto Networks is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The cybersecurity company posted better-than-expected fiscal third-quarter earnings after the market close Monday, with a profit of $278.8 million, or 79 cents a share, topping the 42 cents figure expected by analysts polled by FactSet. However, even though the company's fiscal fourth-quarter outlook for revenue of $2.15 billion to $2.17 billion bracketed analysts' forecasts for $2.16 billion, the guidance failed to impress after-hours traders Monday. Palo Alto shares were still falling early Tuesday, and recently down about 6%. Dow Jones & Co. owns Factiva. (susan.solan@wsj.com)
(END) Dow Jones Newswires
May 21, 2024 10:18 ET (14:18 GMT)
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