Pure Storage jumped over 15% in premarket trading as Q3 Earnings and Revenues Top Estimates.
Pure Storage (PSTG) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this data storage company would post earnings of $0.05 per share when it actually produced earnings of $0.14, delivering a surprise of 180%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.