Pure Storage (NYSE:PSTG) reported its Q1 earnings results on Wednesday, May 31, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Pure Storage beat estimated earnings by 100.0%, reporting an EPS of $0.08 versus an estimate of $0.04.
Revenue was down $31.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.14 which was followed by a 15.14% drop in the share price the next day.
Here’s a look at Pure Storage’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.25 | 0.22 | 0.04 |
| EPS Actual | 0.53 | 0.31 | 0.32 | 0.25 |
| Revenue Estimate | 811.13M | 665.02M | 634.23M | 521.99M |
| Revenue Actual | 810.21M | 676.05M | 646.77M | 620.40M |
To track all earnings releases for Pure Storage visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
