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Pure Storage's stock surged after exceeding Q1 2024 earnings and sales expectations. The company reported Q1 2024 results with earnings beating expectations by approximately 52% and revenue exceeding expectations by around 2%. Total revenue for the quarter was $693.5 million, up 18% year-over-year but down 12% quarter-over-quarter. Net income was a loss of $35 million, an improvement from the $67 million loss year-over-year. Shares rose by about 10% following the results.
$ESTC Elastic shares are trading higher following a Q4 earnings beat. https://t.co/FA0gZJLg2t
1/ Elastic $ESTC Q4 2024 Results: Beats Earnings by ~5% & Revenue expectations by ~2% Total Revenue: $335M, up 20% YoY, up 2% QoQ Net Income (Loss): ($41) MM, up 10% YoY, down 123% QoQ Shares up ~7% after results https://t.co/0zrx9cSRZB
$ESTC (+8.8% pre) Elastic Stock Gains As Software Firm Delivers 'Solid Quarter In Tough Environment' - ibd https://t.co/KCqWDFJ9bG