Pure Storage Inc reports results for the quarter ended April 30 - Earnings Summary
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Pure Storage Inc reported adjusted earnings of 29 cents per share for the quarter ended April 30, down from 32 cents a year ago, but above analysts' expectations of 25 cents. Revenue increased by 12.3% to $778.49 million, surpassing the expected $770.23 million. The company reported a loss of 4 cents per share and a quarterly loss of $14 million. Analyst ratings remain positive, with a consensus recommendation of "buy" and a median 12-month price target of $70.00.
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