Palo Alto Networks Q4 2024 Adj. EPS $1.51 Beats $1.41 Estimate, Sales $2.189B Beat $2.162B Estimate
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks reported Q4 2024 earnings per share of $1.51, surpassing the analyst estimate of $1.41. The company's sales reached $2.189 billion, exceeding the expected $2.162 billion and marking a 12.11% increase from the previous year.
August 19, 2024 | 8:06 pm
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Palo Alto Networks reported better-than-expected Q4 2024 earnings and sales, with EPS of $1.51 beating the $1.41 estimate and sales of $2.189 billion surpassing the $2.162 billion estimate. This performance represents a 12.11% increase in sales from the previous year.
The better-than-expected earnings and sales figures are likely to positively impact Palo Alto Networks' stock price in the short term. The company's ability to exceed both EPS and sales estimates suggests strong operational performance and growth, which is typically viewed favorably by investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100