Palo Alto Results Beat Estimates, Outlook Strong; Stock Up 5%

(RTTNews) - Palo Alto Networks Inc (PANW), a provider of enterprise security platform, on Wednesday reported fourth-quarter net loss of $46 million or $0.55 per share compared with a loss of $32.1 million or $0.41 per share last year.

Excluding items, adjusted earnings for the quarter were $0.28 per share compared with $0.11 per share a year ago.

Revenues for the quarter were $283.9 million compared with $178.2 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.25 per share on revenues of $256.3 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter the company expects adjusted earnings of $0.31 to $0.32 per share on revenues of $280 million to $284 million. Analysts expect earnings of $0.31 per share on revenues of $269.6 million.