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Pure Storage (PSTG) Stock Down Despite Solid Q2 Results

NEW YORK (TheStreet) -- Pure Storage (PSTG) reported a narrower-than-anticipated loss for the 2017 fiscal second quarter after Thursday's closing bell.

The Mountain View, CA-based enterprise data storage company posted an adjusted loss of 16 cents per share, smaller than analysts' estimates for a loss of 23 cents per share.

Revenue surged 92.8% to $163.2 million year-over-year and was above Wall Street's projections of $155.2 million.

For the fiscal third quarter, Pure Storage sees revenue in the range of $187 million to $195...


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