Wed, May 31, 2023 1:26 PM
STATS Perform dba Automated Insights
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.