Market Overview

Xyratex Falls 11% After Q1 Results

Xyratex (NASDAQ: XRTX) released its fiscal Q1 earnings results after the closing bell on Thursday. The company reported EPS of $0.38 versus $0.15 in the year ago period. This compared to consensus EPS estimates of $0.26.

Revenues for the quarter were $293.7 million versus Street estimates of $316.51 million.

The company guided fiscal Q2 EPS and revenues in line with Street estimates.

In Thursday's after hours trading session, XRTX shares have lost 11.34% to $15.80 as investors react to the Q1 revenue miss.

Posted-In: Earnings News Guidance Intraday Update Movers

 

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