-=Pure Storage (PSTG) reported earnings on Thur 21 Nov 2019 (a/h)

Pure Storage beats by $0.04, misses on revs; guides Q4 revs below consensus, announces new CFO 

Reports Q3 (Oct) earnings of $0.13 per share, $0.04 better than the S&P Capital IQ Consensus of $0.09; revenues rose 14.9% year/year to $428.4 mln vs the $440.39 mln S&P Capital IQ Consensus.

Operating margin decreased 230 bps to 6.8% form 9.1%

Co issues downside guidance for Q4, sees Q4 revs of $484-$496 mln vs. $512.17 mln S&P Capital IQ Consensus. Sees Non-GAAP gross margin of 67.5-70.5%.

New CFO: Co also announces that Kevan Krysler will join the company as CFO in early December, reporting to Chairman and CEO, Charles Giancarlo. Krysler joins Pure from VMware (VMW), where he has served as Senior Vice President of Finance and Chief Accounting Officer.