Pure Storage (PSTG) reported fourth-quarter results late Wednesday that missed estimates on the top and bottom lines. PSTG stock plunged.
The company reported adjusted earnings of 36 cents a share on revenue of 810.2 million. Analysts expected Pure Storage to report adjusted income of 39 cents a share on revenue of $812 million.
PSTG stock dropped 8% to 26.50, during after-market action on the stock market today.
Pure Storage makes high-speed storage systems for businesses and cloud computing using all-flash chip technology.
More to follow.
Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.
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