Palo Alto Networks shares drop 4% after company reports fiscal third-quarter earnings

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Palo Alto Networks shares drop 4% after company reports fiscal third-quarter earnings

Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025.

Jeenah Moon | Reuters

Palo Alto Networks shares dropped over 4% on Tuesday after the company reported its fiscal third-quarter earnings.

Here’s how the company did, compared to analysts’ consensus estimates from LSEG:

• Earnings per share: $0.80 adjusted vs. $0.77 expected
• Revenue: $2.29 billion vs. $2.28 billion expected

Sales in in the company’s fiscal third-quarter came grew 15% year over year. It logged $0.3 billion in net income for the quarter, or $0.37 per diluted share.

The company said its fourth-quarter adjusted EPS will come in the range of $0.87 cents to $0.89, ahead of analysts estimates of $0.86.

Palo Alto Networks said that its non-GAAP gross margin was 76%, which was below analysts estimates of 77.2%.

The company said capital expenditures for its latest quarter was $68.3 million, below Wall Street estimates of $70.8 million.

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