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Thursday, August 25, 2016

Pure Storage (PSTG) reported earnings on Thur 8/25/16 (a/h)

** charts before earnings **

** charts after earnings **


Pure Storage beats by $0.07, beats on revs; guides Q3 revs in-line:
  • Reports Q2 (Jul) loss of $0.16 per share, $0.07 better than the Capital IQ Consensus of ($0.23); revenues rose 92.8% year/year to $163.21 mln vs the $155.11 mln Capital IQ Consensus.
  • Quarterly gross margin: 65.2% GAAP; 66.3% non-GAAP, up 6.7 ppts and 7.1 ppts Y/Y, respectively, and in line with non-GAAP gross margin guidance of 65-68%.
  • Co issues in-line guidance for Q3, sees Q3 revs of $187-195 mln vs. $189.03 mln Capital IQ Consensus Estimate; sees Non-GAAP gross margin in the range of 64% to 67%; sees Non-GAAP operating margin in the range of -17.5% to -13.5%

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