U.S. stock anomaly | Palo Alto Networks (PANW.US) drops over 6% in the third quarter with adjusted gross profit margin lower than expected.
According to the Securities Times APP, on Wednesday, Palo Alto Networks (PANW.US) fell over 6%, to $182.79. In terms of news, the company's sales in the third quarter of the 2025 fiscal year increased by 15% year-on-year to $2.29 billion, with analysts expecting $2.28 billion; net profit fell by about 6% year-on-year to $262 million, with adjusted earnings per share of $0.80, higher than the expected $0.77; non-GAAP gross margin was 76%, lower than the expected 77.2%.
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