Palo Alto Networks ( PANW) said Thursday it swung to a fiscal first-quarter loss of $3.5 million, or 5 cents a share. Adjusted profit in the quarter was 4 cents a share, topping analysts' estimates by a penny as revenue jumped 50% to $85.9 million. The network security company said it expects adjusted earnings in the fiscal second quarter of 4 cents a share on revenue of $90 million to $94 million; analysts forecast profit of 4 cents a share on revenue of about $91 million. Why Palo Alto Networks Is a Buy Ahead of Earnings
Smith & Wesson ( SWHC) swung to a profit of $21.1 million, or 31 cents a share, in the fiscal second quarter. The board of the gun maker also approved $20 million in stock buybacks.
Amarin ( AMRN) announced Thursday plans to raise $100 million in debt financing and the intention to hire 250 to 300 sales representatives, in a go-it-alone launch strategy for lipid-lowering prescription fish-oil pill Vascepa. The announcement disappointed investors were were hoping for a marketing partnership. The stock plunged 21% in after-hours trading Thursday. Amarin's Sad And Lonely Vascepa Launch Party
Geo Group ( GEO) said Thursday it would pay a special dividend of $5.68.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.