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Benzinga

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Evette Mitkov

Pure Storage Stock Slips Despite Positive Q3 Results

Pure Storage Pure PSTG Barclays Wedbush

The,Pure,Storage,,Inc.,Logo,Appears,On,A,Smartphone,Screen

Pure Storage Inc (NYSE:PSTG) shares are trading lower Wednesday despite reporting third-quarter financial results that met earnings expectations and beat revenue estimates, while also raising its full-year guidance.

What Happened: Pure Storage reported quarterly earnings of 58 cents per share, which met the analyst consensus estimate, representing a 16% increase from 50 cents per share in the same period last year.

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