Pure Storage (PSTG) to Report Q4 Earnings: What’s in Store?
@PureStorage Inc. PSTG is scheduled to report fourth-quarter fiscal 2018 earnings on Mar 1. Notably, the company beat the Zacks Consensus Estimate for earnings in the trailing four quarters, with an average positive surprise of 49.67%. Last quarter, the company delivered a positive earnings surprise of 66.7%. Last quarter, the company reported non-GAAP loss of 1 cent per share, which was narrower than the Zacks Consensus Estimate of a loss of 3 cents. The figure was also much lower than the year-ago loss of 10 cents per share. Total revenues were $277.7 million, up 41% year over year and ahead of the Zacks Consensus Estimate of $272 million. Revenues surpassed the upper end of the guided range. The company’s strong product portfolio with the likes of FlashArray and FlashBlade business segments bolstered the top line. Additionally, the company’s data platform for cloud is gaining traction