Palo Alto Networks shares drop 4% after company reports fiscal third-quarter earnings
1. Palo Alto Networks' shares fell 4% after Q3 earnings report. 2. Adjusted EPS was $0.80, exceeding expectations of $0.77. 3. Revenue reached $2.29 billion, slightly above the $2.28 billion estimate. 4. Fourth-quarter adjusted EPS guidance is between $0.87 and $0.89. 5. Non-GAAP gross margin at 76% was below the expected 77.2%.