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Palo Alto Networks Earnings, Guidance Leak Gives Boost To Shareholders

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Palo Alto Networks Inc (NYSE: PANW) shares rose nearly 10 percent in the last hour of trading Tuesday after the company's earnings were leaked on its investor relations site.

The company reported an earnings and sales beat in its fourth quarter, while issuing revenue guidance above analyst consensus. Palo Alto's earnings guidance, however, was below consensus.

Palo Alto reported Q4 EPS of $0.40 against the street's estimate of $0.39, while sales came in at $334.7 million versus analyst forecasts of $318.3 million.

Next-quarter revenue guidance was a range between $335 million and $339 million (versus consensus of $334.64 million), while EPS guidance was between 41 cents and 42 cents (versus estimates of 45 cents).

Palo Alto shares, though they initially fell on the leak, have spiked to an intra-day high above $140 per share. The stock traded near $176 per share at the beginning of the year.

Posted-In: Earnings Leak Palo AltoEarnings News Guidance Exclusives Movers

 

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