Palo Alto Networks signage shows on the display screen on the Nasdaq Market in New York Metropolis, U.S., March 25, 2025.
Jeenah Moon | Reuters
Palo Alto Networks reported better-than-expected earnings and income for the crypto king quarter however its gross margin was under estimates. The inventory dropped 4% in prolonged buying and selling on Tuesday.
Here is how the corporate did, in comparison with analysts’ consensus estimates from LSEG:
- Earnings per share: 80 cents, adjusted vs. 77 cents anticipated
- Income: $2.29 billion vs. $2.28 billion anticipated
Gross sales within the firm’s fiscal third-quarter grew 15% from $1.98 billion a yr earlier. Web earnings fell to $262.1 million, or 37 cents per share, from $278.8 million, or 39 cents per share, a yr in the past.
The corporate stated its fourth-quarter adjusted earnings will come be between 87 cents and 89 per share, forward of analysts estimates of 86 cents.
Palo Alto Networks stated that its non-GAAP gross margin was 76%, which trailed analysts’ estimates of 77.2%.
The corporate stated capital expenditures for its crypto king quarter have been $68.3 million, under Wall Avenue estimates of $70.8 million.
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