Palo Alto Networks (NASDAQ:PANW) shares surged 4% in after-hours trading following the company’s Q3 earnings report, which beat analyst expectations. EPS of $1.10 was higher than the consensus estimate of $0.93, while revenue increased 24% year-over-year to $1.7 billion. The company also provided strong guidance for Q4/23 and the full year, with EPS and revenue expected to come in above consensus estimates. Total billings are anticipated to grow 17%-24% year-over-year. Investors responded positively to the news, sending shares higher in after-hours trading.
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