SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Palo Alto Networks Inc. (PANW) on Monday reported fiscal fourth-quarter profit of $357.7 million.
On a per-share basis, the Santa Clara, California-based company said it had profit of $1.01. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The security software maker posted revenue of $2.19 billion in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $2.16 billion.
For the year, the company reported profit of $2.58 billion, or $7.28 per share. Revenue was reported as $8.03 billion.
For the current quarter ending in October, Palo Alto expects its per-share earnings to range from $1.47 to $1.49.
The company said it expects revenue in the range of $2.1 billion to $2.13 billion for the fiscal first quarter.
Palo Alto expects full-year earnings in the range of $6.18 to $6.31 per share, with revenue ranging from $9.1 billion to $9.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PANW at https://www.zacks.com/ap/PANW