By Ben GlickmanPalo Alto Networks logged a higher profit in the fiscal third quarter as sales rose just ahead of Wall Street's expectations. Analysts polled by FactSet expected a per-share profit of 42 cents. Revenue rose 15% to $1.98 billion, just ahead of the $1.97 billion expected by analysts polled by FactSet. Palo Alto Networks expects fiscal fourth-quarter revenue of $2.15 billion to $2.17 billion, compared with the $2.16 billion expected by analysts. The company's forecast for $1.40 to $1.42 a share in adjusted per-share profit was in line with analysts' forecasts.

Source: Wall Street Journal May 21, 2024 02:46 UTC