Pure Storage: Q1 Earnings Insights

Pure Storage PSTG reported its Q1 earnings results on Wednesday, May 31, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Pure Storage beat estimated earnings by 100.0%, reporting an EPS of $0.08 versus an estimate of $0.04.

Revenue was down $31.10 million from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 15.14% drop in the share price the next day.

Here's a look at Pure Storage's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.39	0.25	0.22	0.04
EPS Actual	0.53	0.31	0.32	0.25
Revenue Estimate	811.13M	665.02M	634.23M	521.99M
Revenue Actual	810.21M	676.05M	646.77M	620.40M

To track all earnings releases for Pure Storage visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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