Pure Storage, Inc. (PSTG) Tops Q1 EPS by 5c, Offers Q2 and FY Guidance

Pure Storage, Inc. (NYSE: PSTG) reported Q1 EPS of ($0.07), $0.05 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $255.9 million versus the consensus estimate of $251.55 million.

GUIDANCE:

Pure Storage, Inc. sees Q2 2019 revenue of $296-304 million, versus the consensus of $298.9 million.

• Non-GAAP gross margin in the range of 63.5% to 66.5%
• Non-GAAP operating margin in the range of -7.0% to -3.0%

Pure Storage, Inc. sees FY2019 revenue of $1.32-1.37 billion, versus the consensus of $1.35 billion.

• Non-GAAP gross margin in the range of 63.5% to 66.5%
• Non-GAAP operating margin in the range of 0% to 4%

For earnings history and earnings-related data on Pure Storage, Inc. (PSTG) click here.

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