Pure Storage Q4 Adj EPS $0.50 Beats $0.44 Estimate, Sales $789.80M Beat $782.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pure Storage (NYSE:PSTG) reported Q4 adjusted EPS of $0.50, surpassing the $0.44 estimate, with sales of $789.80M also beating the $782.31M estimate. However, this represents a decrease from the previous year's earnings and sales.
February 28, 2024 | 9:11 pm
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Pure Storage reported a Q4 adjusted EPS of $0.50, beating estimates, with sales of $789.80M also exceeding expectations. Year-over-year, earnings and sales saw a decline.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in earnings and sales might temper investor enthusiasm, leading to a cautiously optimistic outlook.
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