=Pure Storage (PSTG) reported earnings on Mon 19 Nov 2018 (a/h)

Pure Storage beats by $0.04, beats on revs; guides Q4 EPS in-line; guides FY19 revs in-line

• Reports Q3 (Oct) earnings of $0.13 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.09; revenues rose 34.3% year/year to $372.8 mln vs the $367.37 mln S&P Capital IQ Consensus.
  • Gross margin: 68.1% non-GAAP
    Operating margin: 9.1% non-GAAP
• Co issues in-line guidance for Q4, sees EPS of $438-446 mln vs. $0.18 S&P Capital IQ Consensus.
  • Non-GAAP gross margin in the range of 64.5% to 67.5%
  • Non-GAAP operating margin in the range of 8% to 12%
• Co issues in-line guidance for FY19, sees FY19 revs of $1.376-1.384 bln vs. $1.37 bln S&P Capital IQ Consensus.
  • Non-GAAP gross margin in the range of 66.6% to 67.6%
  • Non-GAAP operating margin in the range of 3.9% to 5.3%