<ul><li>Shares in Palo Alto Networks Inc. fell over 3% in late trading despite the company reporting beats in its fiscal Q3 earnings and giving better-than-expected earnings guidance.</li><li>For the quarter ending on April 30, Palo Alto Networks posted adjusted earnings per share of 80 cents, up from 66 cents in the previous year, with revenue of $2.29 billion, a 15% increase year-over-year.</li><li>The company's strong performance was fueled by growth in Next-Generation Security, leading to NGS annual recurring revenue of $5.09 billion and an operating income increase of 23%.</li><li>Palo Alto Networks also announced acquisitions, including Protect AI Inc., and introduced new platforms like Cortex Cloud and enhancements like Cortex XSIAM to strengthen its AI-driven security operations.</li></ul>

Palo Alto Networks stock slips despite earnings and guidance beats

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