Palo Alto Networks beats Q1 estimates but narrowly misses revenue forecasts
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Palo Alto Networks reported better-than-expected Q1 adjusted earnings but narrowly missed revenue forecasts, leading to a drop in its stock during after-hours trading.
November 20, 2024 | 10:00 pm
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Palo Alto Networks exceeded Q1 EPS expectations with $1.56 per share against the $1.48 estimate, but narrowly missed revenue forecasts, leading to a drop in its stock price during after-hours trading.
The company's better-than-expected EPS indicates strong profitability, but the revenue miss suggests potential concerns about growth, leading to a negative market reaction and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100