Palo Alto Networks exceeded Q3 expectations with $3.00B revenue and $0.85 EPS, driven by AI threats boosting cybersecurity tool demand. Strong Q4 guidance was also issued.
Palo Alto Networks exceeded Q3 fiscal expectations with adjusted EPS of 85 cents and $3.00B in revenue, driven by AI threats boosting cybersecurity demand. Shares rose 10% as the company issued strong Q4 guidance.
UBS reported Q1 net profit of $3 billion, up 80% YoY, beating analyst estimates of $2.8 billion. The Swiss bank's CET1 capital ratio improved to 14.7%. CEO Sergio Ermotti called it a 'very strong quarter' with double-digit profitability growth across all businesses. The bank is on track to repurchase $3 billion in shares and flagged further buybacks by year-end. Shares surged over 5% in early trade.
UBS reported Q1 net profit of $3 billion, up 80% year-on-year and beating analyst estimates of $2.8 billion. The Swiss bank's CET1 capital ratio improved to 14.7%. Underlying pre-tax profits rose 54% to $3.9 billion, exceeding expectations. The bank repurchased $900 million in shares and remains on track for a $3 billion buyback.
Southwest Airlines forecasts Q2 earnings of 35-65 cents per share, below the 55 cents analysts expected, citing higher fuel prices. The carrier maintained its full-year 2026 forecast of $4 EPS while implementing new revenue initiatives including bag fees and seat assignment fees.
