Pure shares were up 28% for the year as of Tuesday's close.shares fell as much as 19% in extended trading on Tuesday after the provider of data storage hardware and services reported a wider loss than analysts expected and also gave disappointing guidance.Loss of 11 cents per share, excluding certain items, vs.
loss of 8 cents per share as expected by analysts, according to Refinitiv.Revenue in the fiscal first quarter rose 28% from a year earlier, PurePure said that in the second quarter of fiscal 2020 it expects $395 million in revenue, trailing the $396.6 million consensus estimate among analysts polled by Refinitiv. For the full year, Pure said it sees $1.735 billion in revenue, also below the Refinitiv estimate, which was $1.766 billion.
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