Pure Storage (PSTG) Beats Q1 Earnings and Revenue Estimates

Pure Storage (PSTG) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16%. A quarter ago, it was expected that this data storage company would post earnings of $0.42 per share when it actually produced earnings of $0.45, delivering a surprise of 7.14%.Over the last four quarters, the co ...