Palo Alto Networks reported better-than-expected quarterly results and raised its annual revenue outlook, but lower-than-expected earnings-per-share guidance for the current quarter led to a 7.5% drop in premarket trading. Caesars Entertainment saw its shares gain 4% in off-hours trading after reporting higher-than-forecast quarterly revenue despite swinging to a loss. Kenvue exceeded quarterly result forecasts and announced a 3.5% staff reduction ahead of its planned takeover by Kimberley-Clark.
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Stocks to Watch Wednesday: Palo Alto Networks, Analog Devices, Kenvue
Palo Alto Networks reported better-than-expected quarterly results and raised its annual revenue outlook, but lower-than-expected earnings-per-share guidance for the current quarter led to a 7.5% drop in premarket trading. Caesars Entertainment saw its shares gain 4% in off-hours trading after reporting higher-than-forecast quarterly revenue despite swinging to a loss. Kenvue exceeded quarterly result forecasts and announced a 3.5% staff reduction ahead of its planned takeover by Kimberley-Clark.