PSTG Stock Jumps As Earnings Top Estimates

Pure Storage (PSTG) soundly beat analyst estimates when it posted third-quarter results late Tuesday. PSTG stock jumped on the news.




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The company said adjusted earnings came in at 22 cents a share on revenue of $562.7 million. Analysts expected Pure Storage to report earnings of 12 cents a share on revenue of $531 million, according to FactSet. Revenue climbed 37% from the year-ago period. Subscription services revenue grew 38% to $187.8 million.

PSTG stock surged 11.8% to 30.50…

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