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Pure Storage: Fiscal 4Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ Pure Storage Inc. (PSTG) on Thursday reported a loss of $4.7 million in its fiscal fourth quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 23 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The data storage company posted revenue of $492 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $489.2 million.

For the year, the company reported that its loss widened to $201 million, or 79 cents per share. Revenue was reported as $1.64 billion.

For the current quarter ending in May, Pure Storage said it expects revenue in the range of $365 million.

The company expects full-year revenue of $1.9 billion.

Pure Storage shares have fallen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.06, a drop of 26% 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