Pure Storage shares drop after earnings beat [MarketWatch]
Pure Storage, Inc. Class A (PSTG)
Last pure storage, inc. class a earnings: 2/27 04:02 pm
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Source: MarketWatch
Pure Storage shares drop after earnings beat A previous version said Pure Storage missed analyst expectations. In fact, it beat them. Pure Storage Inc. PSTG, -0.38% shares fell 4% in the extended session Monday after the company beat analyst expectations for the bottom line. The flash memory company's stock closed down a fraction to $23.61 during regular trading. The company reported first-quarter net losses of $64.3 million, or 29 cents a share, compared with net losses of $57.2 million, or 28 cents a share, in the year-ago period. Adjusted losses were 7 cents a share. Revenue rose to $255.9 million from $182.6 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 12 cents a share on revenue of $251 million. For the second quarter, analysts model adjusted losses of 6 cents a share on sales of $299 million; Wall Street models full-year sales of $1.34 billion. The company said it expected second-quarter sales of $296 million to $304 million an
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PSTG
News
- Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- Pure Storage, Inc. (NYSE: PSTG) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating. They now have a $63.00 price target on the stock, up previously from $52.00.MarketBeat
- Wall Street Analysts See Pure Storage (PSTG) as a Buy: Should You Invest? [Yahoo! Finance]Yahoo! Finance
- Pure Storage (PSTG) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Pure Storage Stock Has 22% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
PSTG
Earnings
- 2/28/24 - Beat
PSTG
Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form 144
- 4/17/24 - Form 4
- PSTG's page on the SEC website