Investing.com - Pure Storage Inc reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pure Storage Inc announced earnings per share of $0.31 on revenue of $676M. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $672.12M.
Pure Storage Inc shares are down 10.32% from the beginning of the year and are trading at $28.96 , down-from-52-week-high.
Pure Storage Inc shares lost 0.79% in after-hours trade following the report.
Pure Storage Inc follows other major Information Technology sector earnings this month
Pure Storage Inc's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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