Pure Storage (PSTG) got here out with quarterly earnings of $0.13 per share, beating the Zacks Cons
Pure Storage (PSTG) got here out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.13 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 44.44%. 1 / 4 in the past, it was anticipated that this information storage firm would publish a lack of $0.04 per share when it really produced earnings of $0.01, delivering a shock of 125%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Pure Storage, which belongs to the Zacks Pc- Storage Gadgets business, posted revenues of $428.41 million for the quarter ended October 2019, lacking the Zacks Consensus Estimate by 2.77%. This compares to year-ago revenues of $372.78 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s quick value motion primarily based on the…