Palo Alto Networks Cuts FY Guidance After Q2 Earnings Miss
Investing.com -- Palo Alto Networks cut its full-year guidance Thursday after reporting mixed fiscal second-quarter results as earnings fell short of Wall Street estimates.
Palo Alto Networks Inc (NASDAQ:PANW) Inc was down more than 5% in afterhours trading following the report.
For the three months ended Jan. 31, Palo Alto Networks reported adjusted earnings of $0.73 a share on revenue of $2.26 billion, compared with Wall Street estimates of $0.78 and $2.24B, respectively. ARR grew 37% at $4.8B.
Looking ahead, the company said it expected fiscal third-quarter adjusted earnings of between $0.76 and $0.77 per share, compared of analysts' estimates for $0.76. Revenue was forecast in a range of $2.26B to $2.29B, compared with estimates for $2.27B.
For 2025, the company now forecasts non-GAAP net income per diluted share in the range of $3.18 to $3.24 on revenue of $9.14 billion to $9.19 billion, compared with prior guidance for adjusted EPS of $6.26 to $6.39 on revenue in the range of $9.12B to $9.17B.
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