Pure Storage Q1 Adj EPS $0.08 Beats $0.04 Estimate, Sales $589.31M Beat $559.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pure Storage reported Q1 adjusted earnings of $0.08 per share, beating the $0.04 estimate, and sales of $589.31M, beating the $559.34M estimate. However, this represents a 68% decrease in earnings and a 5.01% decrease in sales compared to the same period last year.
May 31, 2023 | 8:08 pm
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Pure Storage beats Q1 estimates with adjusted EPS of $0.08 and sales of $589.31M, but reports a 68% decrease in earnings and a 5.01% decrease in sales YoY.
Pure Storage's Q1 results show a mixed picture. While the company beat analyst estimates for both earnings and sales, it experienced a significant decrease in earnings and sales compared to the same period last year. This could lead to a neutral short-term impact on the stock price, as the positive news of beating estimates is offset by the negative news of decreased performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100