Why Pure Storage Stock Took a Hit Friday

Shares of Pure Storage (NYSE: PSTG), which provides an enterprise data storage platform, fell sharply on Friday. By the time the market closed, shares were down 15.1%.

The growth stock's pullback followed the company's third-quarter earnings report, which included revenue and non-GAAP (adjusted) earnings per share that missed analysts' average forecasts. And the company's fourth-quarter outlook was below expectations.

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Source Fool.com