Everpure Tops Estimates But Shares Slip as AI Drives Up Storage Costs
Everpure fell after hours Wednesday, with shares down 2.8% at $85.74. The drop came as the company, previously Pure Storage, beat first-quarter estimates and raised guidance for the full year. The stock moved between $74.17 and $90.68 as investors questioned margins from the AI storage wave despite the solid top-line numbers.