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.