WASHINGTON (dpa-AFX) - While reporting its results for the first quarter, Palo Alto Networks (PANW) revised its outlook for the full year.
The company now expects revenue of $9.12 billion to $9.17 billion, representing year-over-year growth of 14%, and adjusted income per share of $6.26 to $6.39.
Previously, the company expected revenues of $9.10 billion to $9.15 billion and adjusted income per share of $6.18 to $6.31.
Analysts polled by Thomson Reuters expected earnings of $6.28 per share and revenues of $9.13 billion.
Further, Palo Alto Networks announced that its board of directors has approved a two-for-one forward stock split of the company's outstanding shares of common stock.
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