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Palo Alto shares rise on earnings beat, surprising investors who worried about a Friday report

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Palo Alto’s better-than-expected earnings report was a relief to investors who were concerned about potentially bad numbers due to a late Friday announcement

Palo Alto reported earnings that topped analysts' estimates even as revenue came in weaker than expected.Investors were concerned about potentially problematic numbers since the company chose to announce earnings after the market close on Friday.shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts' estimates.

The stock had dropped 16% in August leading up the report as investors worried that the company's decision to announce results late on a Friday suggested the release may include troublesome numbers.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

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Palo Alto Networks stock rallies as earnings, outlook top Street estimatesPalo Alto Networks topped expectations with its latest earnings, as well as with its forecasts for profit and billings, in an unusually scheduled report.
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