Stock Track | Pure Storage Plunges 11.89% After-Hours Despite Beating Q3 Estimates and Raising Guidance

Stock Track

3 hours ago

Pure Storage (PSTG) shares plummeted 11.89% in after-hours trading on Tuesday, following the release of its third-quarter fiscal 2026 earnings results. The drop occurred despite the company reporting revenue and earnings that exceeded analyst expectations and raising its full-year revenue guidance.

The data storage company posted adjusted earnings of $0.58 per share, matching the FactSet consensus estimate, while revenue rose 16% year-over-year to $964.5 million, surpassing the $955.9 million forecast. Pure Storage also lifted its fiscal 2026 revenue guidance to $3.63 billion-$3.64 billion, up from its previous range of $3.60 billion-$3.63 billion.

Investors appear to have reacted negatively to the results, possibly due to concerns about future growth or profit margins, as the stock declined sharply despite the positive earnings and guidance.

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The drop occurred despite the company reporting revenue and earnings that exceeded analyst expectations and raising its full-year revenue guidance.</p><p>The data storage company posted adjusted earnings of $0.58 per share, matching the FactSet consensus estimate, while revenue rose 16% year-over-year to $964.5 million, surpassing the $955.9 million forecast. Pure Storage also lifted its fiscal 2026 revenue guidance to $3.63 billion-$3.64 billion, up from its previous range of $3.60 billion-$3.63 billion.</p><p>Investors appear to have reacted negatively to the results, possibly due to concerns about future growth or profit margins, as the stock declined sharply despite the positive earnings and guidance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSTG","symbol_name":"Pure Storage Inc","start_time":0,"source_url":"","article_id":"1112444713","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112444713","pubTimestamp":1764711142,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Pure Storage (PSTG) shares plummeted 11.89% in after-hours trading on Tuesday, following the release of its third-quarter fiscal 2026 earnings results. 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