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Palo Alto Networks and Chinese EV Maker Report Earnings, Guide Higher

Palo Alto Networks' Quarterly Performance

Palo Alto Networks (PANW) reported a narrower net first-quarter loss and guided for a wider net loss in the second quarter due to integration and restructuring costs related to its recent acquisition of Demisto.

The cybersecurity company's total revenue grew 43% year-over-year to $1.23 billion, beating analysts' estimates.

Palo Alto Networks' adjusted earnings per share (EPS) came in at $2.14, also exceeding expectations.

Chinese EV Maker Nio Reports Narrower Loss

Chinese electric-vehicle maker Nio (NIO) reported a narrower first-quarter net loss and guided for higher deliveries in the second quarter.

The company's total revenue jumped 24.5% year-over-year to $1.56 billion.

NIO's net loss narrowed to $120.8 million, or 18 cents per share, from $264.3 million, or 49 cents per share, in the same period a year ago.

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Palo Alto Networks' Future Outlook

• Analysts will be watching closely to see if Palo Alto Networks can continue to execute on its acquisition strategy and drive growth in its core security business.
• The company's guidance for the second quarter suggests that it is facing some headwinds related to integration and restructuring costs.

Nio's Growth Potential

• Investors will be keen to see if Nio can continue to ramp up production and deliveries in the coming quarters.
• The company's plans to expand into new markets, such as Europe, will also be a key area of focus.