04:35 PM EDT, 05/20/2024 (MT Newswires) -- Palo Alto Networks ( PANW ) late Monday reported fiscal Q3 non-GAAP net income of $1.32 per diluted share compared with $1.10 a year earlier.

Analysts polled by Capital IQ expected $1.25.

Revenue for the quarter ended April 30 was $1.98 billion, up from $1.72 billion a year earlier.

Analysts expected $1.97 billion.

For Q4, the cybersecurity company is projecting non-GAAP EPS of $1.40 to $1.42 on revenue of $2.15 billion to $2.17 billion.

Analysts polled by Capital IQ are looking for $1.41 per share and $2.16 billion, respectively.

Palo Alto shares were down over 8% in after-hours trading.

Price: 296.65, Change: -27.12, Percent Change: -8.38