Pure Storage: Fiscal Q4 Earnings Snapshot

Associated Press Finance
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SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Pure Storage Inc. (PSTG) on Wednesday reported fiscal fourth-quarter earnings of $65.4 million.

The Santa Clara, California-based company said it had net income of 20 cents per share. Earnings, adjusted for stock option expense and severance costs, were 50 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The data storage company posted revenue of $789.8 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $782.2 million.

For the year, the company reported profit of $61.3 million, or 19 cents per share. Revenue was reported as $2.83 billion.

For the current quarter ending in April, Pure Storage said it expects revenue in the range of $680 million.

The company expects full-year revenue of $3.1 billion.

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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

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