MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Pure Storage Inc. (PSTG) on Wednesday reported fiscal fourth-quarter profit of $74.5 million.
On a per-share basis, the Mountain View, California-based company said it had profit of 22 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 53 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The data storage company posted revenue of $810.2 million in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $811.3 million.
For the year, the company reported profit of $73.1 million, or 23 cents per share. Revenue was reported as $2.75 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSTG at https://www.zacks.com/ap/PSTG
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.