Pure Storage (NYSE:PSTG) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$676.1m (up 20% from 3Q 2022).

• Net loss: US$787.0k (loss narrowed by 97% from 3Q 2022).

• US$0.003 loss per share (improved from US$0.10 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pure Storage Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Pure Storage you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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