Pure Storage Reports Q3 Beat & Provides Guidance

Pure Storage, Inc. (NYSE:PSTG) reported its Q3 results, with EPS of $0.31 coming in better than the Street estimate of $0.25. Revenue was $676 million, beating the Street estimate of $672.12 million.
Looking into 2023, while highlighting customers in the enterprise segment will likely remain cautious, management expects its revenue to grow double-digit year-over-year and is confident that it will continue to gain share within the storage market.
Q4/23 revenue is expected to be $810 million, compared to the Street estimate of $813.32 million. For the full year, the company expects revenue of $2.75 billion, in line with the Street expectations.