Palo Alto Networks PANW 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.
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