From Barchart: 2024-12-04 07:38:00

Pure Storage (NYSE:PSTG) stock price surged over 22% in pre-market trading after beating third-quarter earnings expectations. Adjusted EPS was $0.50, $0.09 above estimates, with revenue hitting $831.1 million, a 9% increase from last year. Subscription services drove growth, with revenue up 22% to $376.4 million and ARR reaching $1.6 billion.

The company also reported RPO increasing 16% to $2.4 billion. For the fourth quarter, Pure Storage forecasted revenue of $867 million, surpassing the consensus estimate of $856.9 million. Full-year fiscal 2025 revenue guidance was raised to $3.15 billion, above analyst expectations of $3.13 billion.



Read more at Barchart:: Pure Storage Stock Soars 22% After Strong Earnings…