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Pure Storage: Fiscal Q3 Earnings Snapshot
By AP News - Dec 03, 2024, 04:13 PM ET
Last Updated - Dec 03, 2024, 04:13 PM EST
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Pure Storage Inc. (PSTG) on Tuesday reported fiscal third-quarter profit of $63.6 million.
The Santa Clara, California-based company said it had profit of 19 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 50 cents per share.
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The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The data storage company posted revenue of $831.1 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $814.8 million.
For the current quarter ending in January, Pure Storage said it expects revenue in the range of $867 million.
The company expects full-year revenue of $3.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSTG at https://www.zacks.com/ap/PSTG
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