Palo Alto: Fiscal Q2 Earnings Snapshot

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SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Palo Alto Networks Inc. (PANW) on Thursday reported fiscal second-quarter net income of $267.3 million.

On a per-share basis, the Santa Clara, California-based company said it had profit of 38 cents. Earnings, adjusted for one-time gains and costs, came to 81 cents per share.

The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The security software maker posted revenue of $2.26 billion in the period, which also beat Street forecasts. Fifteen analysts surveyed by Zacks expected $2.24 billion.

For the current quarter ending in April, Palo Alto expects its per-share earnings to range from 76 cents to 77 cents.

The company said it expects revenue in the range of $2.26 billion to $2.29 billion for the fiscal third quarter.

Palo Alto expects full-year earnings in the range of $3.18 to $3.24 per share, with revenue ranging from $9.14 billion to $9.19 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PANW at https://www.zacks.com/ap/PANW