Pure Storage: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Pure Storage (NYSE:PSTG) reported Q1 earnings with an EPS of $0.08, beating estimates by 100.0%. However, revenue was down $31.10 million compared to the same period last year.
May 31, 2023 | 8:15 pm
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Pure Storage's Q1 earnings beat estimates with an EPS of $0.08, but revenue was down $31.10 million YoY.
Pure Storage beat earnings estimates, which could have a positive impact on the stock price. However, the decline in revenue compared to the same period last year may offset the positive sentiment, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100