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Palo Alto Networks jumps on earnings beat

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Palo Alto Networks shares rose after the company issued results from its fiscal second quarter that surpassed analysts' expectations.

Shares of security company Palo Alto Networks jumped as much as 11 percent Tuesday after the bell after the company reported better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended Jan. 31. Here are the major numbers: Earnings: $1.51 per share, excluding certain items, vs. $1.22 per share as expected by analysts, according to Refinitiv.Revenue: $711.2 million, vs. $682 million as expected by analysts, according to Refinitiv.

Palo Alto Networks also issued guidance for the fiscal third quarter that was roughly in line with analysts' expectations. The company expects earnings of $1.23 to $1.25 per share, excluding certain items, in the fiscal third quarter. The midpoint of the range was a penny below the FactSet analyst consensus of $1.

 

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