Pure Storage Inc reports results for the quarter ended April 30 - Earnings Summary

• Pure Storage Inc PSTG.N reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of twenty analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 22 cents to 30 cents per share.

• Revenue rose 12.3% to $778.49 million from a year ago; analysts expected $770.23 million.

• Pure Storage Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $14 million.

• Pure Storage Inc shares had risen by 25.6% this quarter and lost 9.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the computer hardware peer group is also "buy"

• Wall Street's median 12-month price target for Pure Storage Inc is $70.00

This summary was machine generated from LSEG data May 29 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)