While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.Market Insiderread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
The new cut will likely draw thousands back to theaters and could finally push "Avengers: Endgame" above and beyond the record $2.78 billion "Avatar" has earned since its...Entertainmentread more
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.The Fedread more
Shares of security company Palo Alto Networks jumped as much as 11 percent Tuesday after the bell after the company reported better-than-expected earnings for the second quarter of its 2019 fiscal year, which ended Jan. 31.
Here are the major numbers:
Revenue was up 30 percent in the quarter, the company said in a statement.
The quarter saw growth in its hardware footprint at one of the biggest online gaming companies and one of the world's biggest retailers, CEO Nikesh Arora told investors on the company's conference call with analysts.
Palo Alto Networks also issued guidance for the fiscal third quarter that was roughly in line with analysts' expectations.
The company expects earnings of $1.23 to $1.25 per share, excluding certain items, in the fiscal third quarter. The midpoint of the range was a penny below the FactSet analyst consensus of $1.25 per share, excluding certain items, and that number takes into consideration expenses from Palo Alto Networks' $560 million acquisition of Demisto, which was announced last week.
The Demisto group is looking to achieve $50 million to $55 million in billings in 2019, Arora said.
The company is calling for $697 million to $707 million in revenue for the quarter. The midpoint of $702 million is higher than the $696.7 million FactSet estimate.