5 Stocks in Focus After Releasing Their Earnings Reports

In this article, we discuss the 5 stocks in focus after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks in Focus After Releasing Their Earnings Reports. 

5. Pure Storage, Inc. (NYSE:PSTG)

Number of Hedge Fund Holders: 35

Shares of Pure Storage, Inc. (NYSE:PSTG) jumped more than 9 percent in the after-hours trading session on Wednesday, June 1, 2022, following an impressive financial performance for its fiscal first quarter.

Pure Storage, Inc. (NYSE:PSTG) reported adjusted earnings of 25 cents per share, beating the consensus of 4 cents per share with a big margin. Revenue for the quarter jumped 50 percent on a year-over-year basis to $620.4 million, well ahead of the expectations of $521.99 million.

Looking forward, Pure Storage, Inc. (NYSE:PSTG) expects to generate revenue of about $635 million for its fiscal second quarter and about $2.66 billion for its fiscal year 2023.

Praising the results, CFO Kevan Krysler said:

“We are very pleased with our exceptional performance this quarter, marking a strong start to the fiscal year. Pure’s flash leadership makes us the best choice for customers who prioritize performance, reliability, and significantly reducing their energy consumption.”