Pure Storage Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Q2, FY Revenue Outlook Set; Shares Jump After Hours-March 2024-www.financetom.com

Pure Storage Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Q2, FY Revenue Outlook Set; Shares Jump After Hours

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Pure Storage Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Q2, FY Revenue Outlook Set; Shares Jump After Hours

May 29, 2024 2:02 PM

04:34 PM EDT, 05/29/2024 (MT Newswires) -- Pure Storage ( PSTG ) reported fiscal Q1 non-GAAP diluted earnings Wednesday of $0.32, up from $0.08 a year earlier.

Analysts surveyed by Capital IQ expected $0.21.

Revenue in the quarter ended May 5 rose to $693.5 million from $589.3 million a year earlier.

Analysts polled by Capital IQ expected $680.9 million.

The company expects fiscal Q2 revenue of $755 million and fiscal 2025 revenue of $3.1 billion. Analysts surveyed by Capital IQ project $751.7 million in Q2 and $3.13 billion in the fiscal year.

Shares of Pure Storage ( PSTG ) rose 6.3% in after-hours activity.

Price: 66.99, Change: +3.99, Percent Change: +6.33

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