Pure Storage reported financial results for the first quarter of fiscal-year 2025 after the market close on Wednesday. The results included adjusted EPS of 32 cents, which came in ahead of analyst estimates of 21 cents. The company also reported sales of $693.47 million, beating analyst estimates of $680.97 million.
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
Shares of Pure Storage, Inc. (NYSE:PSTG) rose sharply in today’s pre-market trading following better-than-expected first-quarter financial results. Pure…
U.S. stocks are likely to remain weak on Thursday, major index futures indicated, as lower bond yields stayed elevated and mixed earnings dampened sentiment.
Pure Storage shares are trading higher after the company reported its first-quarter financial results Wednesday. Here's a look at the highlights from the report.