SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Pure Storage Inc. (PSTG) on Wednesday reported a loss of $35 million in its fiscal first quarter.
The Santa Clara, California-based company said it had a loss of 11 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 32 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The data storage company posted revenue of $693.5 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $681.4 million.
For the current quarter ending in July, Pure Storage said it expects revenue in the range of $755 million.
The company expects full-year revenue of $3.1 billion.
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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
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