Palo Alto Networks Q3 2024 Adj EPS $1.32 Beats $1.25 Estimate, Sales $1.985B Beat $1.967B Estimate
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks (NASDAQ:PANW) reported Q3 2024 adjusted EPS of $1.32, beating the estimate of $1.25. Sales were $1.985 billion, surpassing the $1.967 billion estimate and marking a 15.33% increase from the same period last year.
May 20, 2024 | 8:05 pm
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Palo Alto Networks reported Q3 2024 adjusted EPS of $1.32, beating the estimate of $1.25. Sales were $1.985 billion, surpassing the $1.967 billion estimate and marking a 15.33% increase from the same period last year.
The company's earnings and sales both exceeded analyst estimates, which is likely to positively impact the stock price in the short term. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100