Applied Materials reported strong Q2 earnings, with an EPS of $2.09, surpassing expectations of $1.99, and revenue of $6.7 billion, exceeding the forecast of $6.5 billion. The company also provided guidance for Q3, expecting an adjusted EPS between $1.83 and $2.19 and revenue around $6.65 billion, plus or minus $400 million. Despite these positive results, the stock fell 1.4% in after-hours trading. Notably, China sales were up 102% while US sales decreased by 23%. In other news, Palo Alto Networks reported Q3 earnings with an EPS of $1.32, beating the estimate of $1.25, and revenue of $1.985 billion, above the expected $1.97 billion. However, the company's shares dropped nearly 9% in after-hours trading due to a disappointing sales forecast for Q4, projecting revenue between $2.15 billion and $2.17 billion, slightly below the estimate of $2.17 billion. The FY24 outlook includes billings growth of 10% to 11% and non-GAAP EPS of $5.57. Additional metrics include billings up 3% year-over-year and RPO up 23% year-over-year.
Palo Alto Networks forecasts quarterly billings above estimates https://t.co/tjiFLKRHWL https://t.co/TdsPt8qVcq
$PANW Palo Alto Networks Q3 FY24. โข Billings +3% Y/Y to $2.33B. โข RPO +23% Y/Y to $11.3B. โข Revenue +15% Y/Y to $1.98B ($10M beat). โข Non-GAAP EPS $1.32 ($0.07 beat). FY24 Outlook: โข Billings +10% to +11% Y/Y (narrower range). โข Non-GAAP EPS ~$5.57 ($0.05 beat). https://t.co/2AL7kio5rG
Palo Alto Networks stock takes a hit after earnings report reveals disappointing forecast. #PaloAltoNetworks #stockmarket #earnings
Palo Alto $PANW is down almost 9% in after hours following the release of its earnings https://t.co/ygbIBFLFjF https://t.co/ZksfYOsQTL
$PANW | Palo Alto Networks Shares Drop After Q3 Results, In-Line Guidance: The Details Palo Alto Networks reports quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 by 5.6%. Quarterly sales clock in at $1.985 billion which beat the analystโฆ
Palo Alto Networks double beat but guides in-line. CFO: "We delivered consistent, profitable growth yet again in Q3..." $PANW: -8% AH https://t.co/5zWaJgJeq8
Palo Alto Networks shares slid in late trading after giving a disappointing sales forecast for the current period, renewing concerns about a slowdown in cybersecurity services. https://t.co/ZHuqBTwojj
Palo Alto Networks shares slid in late trading after giving a disappointing sales forecast for the current period, renewing concerns about a slowdown in cybersecurity services. https://t.co/TTChpWEYfz
โ ๏ธ PALO ALTO NETWORKS FORECASTS QUARTERLY BILLINGS ABOVE ESTIMATES Full Story โ https://t.co/UvXwARiG8P
$PANW Palo Alto beats, slightly lowers FY rev guidance. -9% AH Elsewhere: $CRWD -2%, $ZS -3% https://t.co/194V6wvVla
Palo Alto Networks $PANW Earnings Recap - Billings In-Line, Forward Guide In-Line Investors were looking for more upside here trading at 54x into the print and having recovered much of the loss from last Q. 3Q P&L is good, but the forward metrics being in-line = tough. https://t.co/XPSVl5siIM https://t.co/lAHJeGu31w
$PANW Q3 2024 Adj EPS $1.32 Beats $1.25 Estimate Sales $1.985B Beat $1.967B Estimate The stock is down 8.3% after hours https://t.co/gQ6VqykFki
$PANW Palo Alto Networks down after hours on revenue outlook miss - Sees 4Q rev of $2.15bn to 2.17bn vs est $2.17bn - Sees 4Q EPS $1.40-$1.42 vs est $1.42 - Annual Billings view also disappoints $ZS $FTNT also lower https://t.co/5c8Ql7XBrf
$PANW Palo Alto Networks down after hours on revenue outlook miss - sees 4Q rev of $2.15bn to 2.17bn vs est $2.17bn $ZS $FTNT also lower https://t.co/M3dyLderId
๐ฐ Palo Alto Networks $PANW EPS. vs Forecast 1.32 / 1.25 ๐ข Rev. vs Forecast 2B / 1.97B ๐ข Market Cap: 103.86B
$PANW | Palo Alto Networks Q3 Earnings: - Adj EPS $1.32 (Est. $1.25)๐ข - Sales $1.985B (Est. $1.967B) ๐ข https://t.co/lNIqXorHIL
PALO ALTO $PANW JUST REPORTED EARNINGS EPS of $1.32 beating expectations of $1.25 Revenue of $2B beating expectations of $1.97B
$panw dive down
$PANW Palo Alto Networks will report earnings. Analysts estimate $1.97B in revenue (+14.47% YoY) and $1.25 in earnings per share (+13.64% YoY). https://t.co/yaDBxPB0zo
Macyโs $M May weekly 19.50 straddle priced for a move of 11% into the expected release of quarter results before the bell on May 21.
Palo Alto Networks, $PANW, is releasing earnings in three hours. Nancy Pelosi bought up to $1.25M of $PANW call options in February. They don't expire until January, but we'll still be watching. https://t.co/TzWR2Carqw
Toll Brothers $TOL May weekly 131 straddle priced for a move of 5% into the expected release of quarter results after the bell on May 21.
Auto Zone $AZO June 2920 straddle priced for a move of 7% into the expected release of quarter results before the bell on May 21.
Palo Alto $PANW reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $1.25 up 20.2% YoY Revenue of $1.97B up 14.5% YoY
https://t.co/CmSmzDmFmK Group $TCOM June 55 straddle priced for a move of 11% into the expected release of quarter results after the bell on May 20.
Palo Alto Networks $PANW May weekly 317.5 straddle priced for a move of 11% into the expected release of quarter results after the bell on May 20.
Palo Alto Networks $PANW FQ3 earnings preview: What Wall Street expects to see https://t.co/MeLeyT8Mcx https://t.co/g1csawA83Z
Palo Alto Networks $PANW Earnings Setup - Was Last Q Just a Blip? One of the worst earnings reactions across the large cap tech landscape last Q (-28% in a day) as the stock had run well ahead of even in-line results - instead $PANW said "no - estimates are too high by 4%".โฆ https://t.co/0Xn9aSo9Il
Toll Brothers $TOL May weekly 130 straddle priced for a move of 5.5% into the expected release of quarter results after the bell on May 21.
Loweโs Cos. $LOW May weekly 232 straddle priced for a move of 5% into the expected release of quarter results before the bell on May 21.
Zoom $ZM May weekly 64 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on May 20.
Li Auto Inc. $LI May weekly 25 straddle priced for a move of 12% into the expected release of quarter results before the bell on May 20.
https://t.co/CmSmzDmFmK Group $TCOM June 55 straddle priced for a move of 12% into the expected release of quarter results after the bell on May 20.
Palo Alto Networks $PANW May weekly 315 straddle priced for a move of 11% into the expected release of quarter results after the bell on May 20.
Applied Materials double beat with flat overall revenues YoY [US sales down 23%, China sales up 102%] CEO: "Applied Materials delivered strong results in the first quarter of fiscal 2024 and has outperformed our markets for the fifth consecutive year" $AMAT: -1.4% AH https://t.co/KGskTW8OCC
APPLIED MATERIALS $AMAT JUST REPORTED EARNINGS EPS of $2.09 beating expectations of $1.99 Revenue of $6.7B beating expectations of $6.5B
$AMAT | Applied Materials Q2 Earnings: - Adj EPS $2.09 (Est. $1.99)๐ข - Sales $6.646B (Est. $6.537B) ๐ข
$AMAT | Applied Materials Q2 24 Earnings: - Adj EPS: $2.09 (exp $1.99) - Revenue: $6.65B (exp $6.52B) - Sees Q3 Adj EPS $1.83 To $2.19 - Sees Q3 Revenue About $6.65B, Plus Or Minus $400M
Take Two $TTWO May 148 straddle priced for a move of 8% into the expected release of quarter results today after the bell.
$PANW JPMorgan reiterates Palo Alto Networks as overweight JPMorgan raised its price target to $340 per share from $330 ahead of earnings next week. โWe remain Overweight rated as we continue to view PANW well positioned within our coverage to consolidate share within several ofโฆ
Applied Materials $AMAT May 210 straddle priced for a move of 7% into the expected release of quarter results today after the bell.