Okta also issued guidance above estimates for both the next quarter and fiscal year 2025. Okta sees first-quarter adjusted earnings per share of 54 cents to 55 cents, above the estimate of 42 cents, and total quarterly revenue of between $603 million and $605 million, versus the $584.89 million estimate.
Pure Storage reported quarterly adjusted earnings of 50 cents, beating the consensus estimate of 44 cents. Quarterly sales clocked in at $789.8 million, above the analyst consensus estimate of $782.31 million. Fourth-quarter subscription services revenue came in at $328.9 million, up 24% year-over-year, and fourth-quarter operating margin was 20%.
Bitcoin-miners' stocks are pulling back Thursday following recent strength. Some stocks in the sector may also be down in sympathy with Marathon Digital Holdings and as the recent Bitcoin rally cools Thursday.
Recursion reported fourth-quarter revenue of $10.89 million, which missed the consensus estimate of $20.35 million. The clinical stage biotech company reported a quarterly loss of 42 cents per share, which beat estimates for a loss of 44 cents per share.