Pure Storage surges after forecasting Q4 rev above estimates

Everpure

03/12/2024 22:02

** Data storage company Pure Storage's  PSTG.N  shares rise
~25% to $67.05 in extended trading 
    ** Co sees Q4 revenue of $867 mln, higher than Wall Street
expectations of $855.9 mln, according to data compiled by LSEG
    ** PSTG reports Q3 revenue of $831.1 million, an increase of
9% YoY
    ** Co's subscription annual recurring revenue jumps 22% in
the quarter to $1.6 billion 
    ** On a per share basis, co's quarterly adjusted profit of
50 cents beats estimates of 42 cents 
    ** As of last close, stock up 50% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))