Investing.com - Pure Storage Inc reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pure Storage Inc announced earnings per share of $0.32 on revenue of $646.77M. Analysts polled by Investing.com anticipated EPS of $0.2187 on revenue of $636.04M.
Pure Storage Inc shares are down 11% from the beginning of the year , still down 21.08% from its 52 week high of $36.71 set on Monday, March 28, 2022. They are under-performing the EUR/USD which is down 0% year to date.
Pure Storage Inc follows other major Information Technology sector earnings this month
Pure Storage Inc's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on Wednesday, August 17, 2022 with fourth quarter EPS of $0.83 on revenue of $13.1B, compared to forecast for EPS of $0.8162 on revenue of $12.73B.
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