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Pure Storage: Fiscal 1Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ Pure Storage Inc. (PSTG) on Tuesday reported a loss of $100.3 million in its fiscal first quarter.

The Mountain View, California-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 11 cents per share.

The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The data storage company posted revenue of $326.7 million in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $333.8 million.

For the current quarter ending in August, Pure Storage said it expects revenue in the range of $389 million to $401 million.

The company expects full-year revenue in the range of $1.7 billion to $1.77 billion.

Pure Storage shares have climbed 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.61, a drop of 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSTG at https://www.zacks.com/ap/PSTG