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Pure Storage: Fiscal 3Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ Pure Storage Inc. (PSTG) on Thursday reported a loss of $30 million in its fiscal third quarter.

The Mountain View, California-based company said it had a loss of 12 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 13 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The data storage company posted revenue of $428.4 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $440.6 million.

For the current quarter ending in January, Pure Storage said it expects revenue in the range of $484 million to $496 million.

The company expects full-year revenue in the range of $1.64 billion to $1.65 billion.

Pure Storage shares have climbed 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.84, a rise of 17% 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