Palo Alto Networks stock rallies after big earnings beat

4% after hours, following a 0.7% rise to close the regular session at $235.55. The company reported a fiscal second-quarter loss of $2.6 million, or 3 cents a share, compared with a loss of $25.6 million, or 28 cents a share, in the year-ago period. Adjusted earnings were $1.51 a share. Revenue rose to $711.2 million from $545.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.22 a share on revenue of $682.1 million.

The company said its earnings forecast included expenses related to its recently announced offer to acquire Demisto for $560 million. Palo Alto Networks also announced its board authorized up to $1 billion in share repurchases. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. var smscript=document.createElement; smscript.src='https://smartasset.com/snippet.js'; s.parentNode.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hewlett Packard Enterprise stock pops after earnings beat, raised forecast
Source: MarketWatch - 🏆 3. / 97 Read more »

GW Pharmaceuticals stock rises after earnings beat
Source: MarketWatch - 🏆 3. / 97 Read more »

UPDATE: AutoZone stock up 8% premarket after earnings beat
Source: MarketWatch - 🏆 3. / 97 Read more »

Dropbox beats on Q4 earnings, but the stock falls anywayDropbox beat estimates in the top and bottom lines and had more new paid users than expected. The stock still moved lower.
Source: CNBC - 🏆 12. / 72 Read more »

Roku shares are soaring on earnings beat and strong streaming growthRoku reported fourth quarter 2018 earnings that beat analyst estimates and provided guidance in line or above expectations for 2019. But nobody on CNBC said buy it a week ago.
Source: CNBC - 🏆 12. / 72 Read more »

Macy's shares rise after earnings and sales beat expectationsIt’s the ap!
Source: MarketWatch - 🏆 3. / 97 Read more »

Southern Company CEO on earnings beat: Tax reform had a terrific effect for usSouthern Company CEO Thomas Fanning joins 'Squawk Box' to break down the company's earnings report. Southern Company beat expectations on both EPS and revenue. EPS and I m How Company Taxes Hate No Hate I m CEO How Bank Account in American Dollar My Bank Account SBI Bank New Garia Sir Nagar Branch 07679 Kolkata The Team in My Bank Account The Team Hate I m For Mr Rabin Das Visit Only Name Visit No in My Money
Source: CNBC - 🏆 12. / 72 Read more »