Thank you, Morgan. We're right now on fast, rarer than a shooting star on a snow storm

in August and earnings report after the bell on a Friday night, sending shares of

Callow Alto networks jumping after hours. We're digging in on those numbers and bringing

you the details from the two hour long conference call. Plus, countdown to Jackson Hole

fed officials convening on the Wyoming Resort Town next week as benchmark interest rates

cover at 16-year highs. What'll be on their mind is they lay the groundwork for the rest

of the year. And later, we've only just scratched the surface of retail earnings this quarter,

Macy's, Nordstrom Coals, and many, many others are on the docket for next week.

The reports used to be watching for and the real read on the consumer.

I'm Courtney Reagan in this evening for Melissa Lee. This is Fast Money Live from the Nasdaq

Market site. On the desk tonight, we have Steve Grasso, Bono and I's and Tim Seymour

and Julie Beale. But we start with that rare Friday night earnings alert on

Callow Alto networks. shares are surging after the company reported better than expected

earnings, even as revenues came in slightly below consensus.

Revenue guidance also lighter than expected. That monster two-hour earnings call is underway.

Bertha Cooms joins us with the latest. Hi, Bertha.

Hey, Court, I don't know if it's going to be two hours. It's still going on, but they said

they're only going to take questions for about 15 minutes. We'll see if they extend.

In time, though, Palo Alto did beat on the bottom line reporting adjusted earnings of $1.44

a share compared to $1.28 for the estimate. Topline came in a little shy of expectations

that 1.9 billion still was up 26% year over year. The company noting that operating margins increased

more than 5% five percentage points for the full year as it continued to focus on profitability.

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