Pure Storage: Fiscal Q1 Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Pure Storage Inc. (PSTG) on Wednesday reported a loss of $67.4 million in its fiscal first quarter.

The Mountain View, California-based company said it had a loss of 22 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The data storage company posted revenue of $589.3 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $560.8 million.

For the current quarter ending in July, Pure Storage said it expects revenue in the range of $680 million.

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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