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Palo Alto: Fiscal 4Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Palo Alto Networks Inc. (PANW) on Wednesday reported a loss of $20.8 million in its fiscal fourth quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 22 cents. Earnings, adjusted for one-time gains and costs, were $1.47 per share.

The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The security software maker posted revenue of $805.8 million in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $803.1 million.

For the year, the company reported that its loss narrowed to $81.9 million, or 87 cents per share. Revenue was reported as $2.9 billion.

Palo Alto shares have increased slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $200.44, a fall of 12% in the last 12 months.


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