Earnings Results: Pure Storage stock drops as profit beats but forecast disappoints

by | Mar 1, 2023 | Stock Market

Shares of Pure Storage Inc. fell more than 5% in after-hours trading Wednesday after the data-storage company topped profit expectations for its most recent quarter but forecast slower revenue growth for the current year than analysts were modeling. The company reported fiscal fourth-quarter net income of $74.5 million, or 22 cents a share, compared with net income of $14.9 million, or 5 cents a share, in the year-earlier period. On…

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