Xyratex Falls 11% After Q1 Results

Xyratex

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.