WASHINGTON (dpa-AFX) - Palo Alto Networks, Inc. (PANW) revealed a profit for first quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at $334 million, or $0.47 per share. This compares with $351 million, or $0.49 per share, last year.
Excluding items, Palo Alto Networks, Inc. reported adjusted earnings of $662 million or $0.93 per share for the period.
Analysts on average had expected the company to earn $0.89 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 15.7% to $2.474 billion from $2.139 billion last year.
Palo Alto Networks, Inc. earnings at a glance (GAAP) :
-Earnings: $334 Mln. vs. $351 Mln. last year. -EPS: $0.47 vs. $0.49 last year. -Revenue: $2.474 Bln vs. $2.139 Bln last year.
-Guidance: Next quarter EPS guidance: $0.93 - $0.95 Next quarter revenue guidance: $2.57 - $2.59 Bln Full year EPS guidance: $3.80 - $3.90 Full year revenue guidance: $10.50 - $10.54 Bln
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