-=Pure Storage (PSTG) reported earnings on Wed 2 March 22 (a/h)

 

Pure Storage beats by $0.10, beats on revs; guides Q1 revs above consensus; guides FY23 revs above consensus

• Reports Q4 (Jan) earnings of $0.36 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of $0.26; revenues rose 40.9% year/year to $708.57 mln vs the $630.93 mln S&P Capital IQ Consensus.
• Co issues upside guidance for Q1 (Apr), sees Q1 revs of approx $520 mln vs. $511.56 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY23, sees FY23 revs of approx $2.60 bln vs. $2.48 bln S&P Capital IQ Consensus.