Nikesh Arora, Palo Alto Networks
Adam Galica | CNBC
Shares of cybersecurity company Palo Alto Networks plunged 13% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings.
Here’s how the company did compared to LSEG, formerly Refinitiv, estimates:
- Earnings per share: $1.46, adjusted, vs. $1.30 expected
- Revenue: $1.98 billion vs. $1.97 billion expected
The company is now guiding to full-year total billings between $10.1 and $10.2 billion, compared to its previous guidance of $10.7 and $10.8 billion. Palo Alto Networks also expects full-year revenue to range between $7.95 to $8 billion, compared to its prior guidance of $8.15 to $8.2 billion.
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