Why Pure Storage Stock Was a Winner on Wednesday
Pure Storage (NYSE: PSTG) stock edged higher on Hump Day, thanks largely to an encouraging earnings report. After this was published, investors pushed the stock nearly 2% higher on the day, which was notable because the benchmark S&P 500 index essentially traded sideways.Those numbers were unveiled before market open on Wednesday, revealing that the data storage company earned just under $880 million in revenue in the fourth quarter of its fiscal 2025. This meant a double-digit increase, as it was 11% higher than the tally collected in the same period of fiscal 2024. It was also on the back of a 17% improvement in crucial subscription services to $385 million. On the bottom line, Pure Storage booked non-GAAP (adjusted) net income of slightly over $153 million, or $0.45 per share. This was down from the year-ago profit of $166 million. Continue reading
Pure Storage (NYSE: PSTG) stock edged higher on Hump Day, thanks largely to an encouraging earnings report. After this was published, investors pushed the stock nearly 2% higher on the day, which was notable because the benchmark S&P 500 index essentially traded sideways.
Those numbers were unveiled before market open on Wednesday, revealing that the data storage company earned just under $880 million in revenue in the fourth quarter of its fiscal 2025. This meant a double-digit increase, as it was 11% higher than the tally collected in the same period of fiscal 2024. It was also on the back of a 17% improvement in crucial subscription services to $385 million.
On the bottom line, Pure Storage booked non-GAAP (adjusted) net income of slightly over $153 million, or $0.45 per share. This was down from the year-ago profit of $166 million.
