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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.