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Aug 28, 2024 5:20 PM

Pure Storage Stock Falls After Q2 Results: What's Going On?

Pure Storage Inc. (NYSE:PSTG) reported its second-quarter financial results after Wednesday's closing bell. Here's a look at the key figures from the report.  

The Details: Pure Storage reported quarterly earnings of 44 cents per share, which beat the analyst consensus estimate of 37 cents by 18.92%. Quarterly revenue came in at $763.77 million, which beat the consensus estimate by 1.15% and represents a 10.91% increase from the same period last year.

Subscription services revenue was $361.2 million, ...