Pure Storage (PSTG) reported earnings on Wed 24 May 2017 (a/h)

• Day before 5/23: 3, 9, 15, 37,  59, 72, 75

** charts before earnings **

  

** charts after earnings **

Pure Storage beats by $0.08, beats on revs; guides Q2 revs in-line; reaffirms FY18 revs guidance:

• Reports Q1 (Apr) loss of $0.14 per share, $0.08 better than the Capital IQ Consensus of ($0.22); revenues rose 30.5% year/year to $182.6 mln vs the $176.13 mln Capital IQ Consensus.
  • Non-GAAP Gross Margin 66.4%, Q4 66.0%
  • Operating Margin -16.7%, guidance was -27 to -23%.
• Co issues in-line guidance for Q2, sees Q2 revs of $214-222 mln vs. $214.22 mln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin in the range of 63.5% to 66.5%;
  • Non-GAAP operating margin in the range of -16% to -12%;
• Co reaffirms guidance for FY18, sees FY18 revs of $975-1025 mln vs. $988.86 mln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin in the range of 63.5% to 66.5%;
  • Non-GAAP operating margin in the range of -9% to -5%;
  • "We continue to drive strong year over year improvement in operating leverage as we drive to our $1 billion full year revenue target."