Shares of Palo Alto Networks, Inc. (NASDAQ: PANW) fell in pre-market trading after reporting first-quarter results.
Palo Alto Networks reported quarterly earnings of $1.38 per share, above the analyst consensus estimate of $1.16. Revenue of $1.88 billion beat the analyst consensus estimate of $1.84 billion.
Billings clocked in at $2.024 billion, a 13.6% increase compared to $1.749 billion in the same period of 2022. Full-year 2024 total billings are expected to be in a range $10.7 billion to $10.8 billion, down from prior forecast of $10.9 billion to $11 billion.
Palo Alto Networks fell 5.2% to $242.82 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
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- Chanson International Holding (NASDAQ: CHSN) shares rose 20.7% to $1.75 in pre-market trading after dipping 35% on Wednesday.
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