SANTA CLARA, Calif. (AP) _ Palo Alto Networks Inc. (PANW) on Monday reported a loss of $119.3 million in its fiscal fourth quarter.

The Santa Clara, California-based company said it had a loss of $1.23 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.60 per share.

The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The security software maker posted revenue of $1.22 billion in the period, also surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $1.17 billion.

For the year, the company reported that its loss widened to $498.9 million, or $5.18 per share. Revenue was reported as $4.26 billion.

For the current quarter ending in November, Palo Alto expects its per-share earnings to range from $1.55 to $1.58. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.62.

The company said it expects revenue in the range of $1.19 billion to $1.21 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.15 billion.

Palo Alto expects full-year earnings in the range of $7.15 to $7.25 per share, with revenue ranging from $5.28 billion to $5.33 billion.

Palo Alto shares have climbed nearly 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $372.57, a rise of 38% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PANW at https://www.zacks.com/ap/PANW

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