Earnings Preview: Xyratex

Xyratex

is set to report earnings after the bell today. At last check, shares were up $0.43 to $10.15, a gain of nearly 4.5% as traders await earnings. Wall Street is looking for quarterly earnings of $0.00 per share on $339.5 million in revenues. This is up from last year, when the company reported earnings of $1.49 per share on $455.9 million in revenues. Guidance for next quarter is expected to come in at 21 cents per share on $349.8 million in revenues. Analysts are expecting earnings for the current fiscal year to be 94 cents per share with revenue estimates being $1.43 billion. Xyratex provides modular enterprise-class data storage solutions and storage process technology. The company designs, develops, and manufactures enabling technology that supports storage and data communication networks. It operates in two segments, Networked Storage Solutions and Storage Infrastructure.