Earnings Results: Pure Storage stock drops as profit beats but forecast disappoints

Shares of Pure Storage Inc. fell more than 5% in after-hours trading Wednesday after the data-storage company topped profit expectations for its most recent quarter but forecast slower revenue growth for the current year than analysts were modeling.

The company reported fiscal fourth-quarter net income of $74.5 million, or 22 cents a share, compared with net income of $14.9 million, or 5 cents a share, in the year-earlier period.

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Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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