Pure Storage Stock Rallies After Q2 Earnings Beat Estimates
1. PSTG quarterly earnings of 43 cents beat estimates by 4 cents. 2. Revenue reached $861 million, surpassing estimates and up 12.8% year-over-year. 3. Subscription ARR grew to $1.8 billion, indicating strong customer retention. 4. PSTG raised its fiscal 2025 revenue outlook to $3.6-$3.63 billion. 5. Stock rose 14.20% in after-hours trading, reflecting investor confidence.