UPDATE: Palo Alto Networks Posts Narrower FQ4 Loss

Palo Alto Networks

posted a narrower fiscal fourth-quarter loss. Palo Alto Networks posted a quarterly loss of $4.6 million, or $0.18 per share, versus a year-ago loss of $6 million, or $0.40 per share. Excluding other items, Palo Alto Networks earned $0.03 per share. Its revenue surged 88% to $75.6 million. However, analysts were expecting earnings of $0.00 per share on revenue of $71 million. Its gross margin declined to 71.5% from 71.8%, while operating expenses climbed 70%. Palo Alto Networks' product revenue surged 70%. Palo Alto Networks shares dipped 9.60% to $64.86 in after-hours trading.