Palo Alto Networks Inc. shares rallied in the extended session Wednesday after the computer security company's quarterly results and outlook topped Wall Street estimates. Palo Alto Networks shares surged 10% to $130.80 after hours on heavy volume. The company reported adjusted fiscal third-quarter earnings of 61 cents a share on revenue of $431.8 million. Analysts surveyed by FactSet had forecast earnings of 55 cents a share on revenue of $412.1 million. For the fourth quarter, Palo Alto Networks forecast adjusted earnings of 78 cents to 80 cents a share on revenue of $481 million to $491 million, while analysts had estimated 74 cents a share on revenue of $485.2 million.
Copyright © 2017 MarketWatch, Inc.
Continue Reading Below