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-0.00166358595194078 -0.00221811460258775 -0.00628465804066537 -0.00702402957486128 -0.0154343807763401 -0.0166358595194085 -0.0166358595194085 -0.0166358595194085
Stock impact report

Why Pure Storage Stock Is Plummeting Today [Yahoo! Finance]

Pure Storage, Inc. Class A (PSTG) 
Last pure storage, inc. class a earnings: 2/27 04:02 pm Check Earnings Report
US:NYSE Investor Relations: investor.purestorage.com
Company Research Source: Yahoo! Finance
Pure Storage published its Q4 results after the market closed yesterday and actually posted results that came in better than Wall Street had anticipated. But the company's margins showed signs of weakening, and management's forward guidance disappointed the market. Pure Storage stock slumps as Q4 margins disappoint Pure Storage reported non-GAAP (adjusted) earnings per share of $0.45 on sales of $879.8 million in the fourth quarter. The performance came in significantly better than the average Wall Street analyst estimate, which had called for earnings per share of $0.42 on sales of roughly $869.2 million. Pure Storage's revenue increased 11% year over year in the period, but adjusted earnings per share actually declined 10%. The slip in profitability was largely due to erosion of the company's gross margin. The business posted a gross margin of 69.2% in the period, down from the 71.9% margin it posted in the previous quarter. The average analyst estimate had called for the bus Show less Read more
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