Pure Storage Sees Q4 Revenue $782M Vs $919.42M Est.
Portfolio Pulse from Benzinga Newsdesk
Pure Storage reported Q4 revenue of $782M, which falls short of the estimated $919.42M.
November 29, 2023 | 9:12 pm
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NEGATIVE IMPACT
Pure Storage's Q4 earnings report showed revenue of $782M, significantly lower than the expected $919.42M.
Missing revenue estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant gap between reported and expected figures is likely to be viewed unfavorably by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100