Xyratex Ltd. (XRTX) Issues Q1 Earnings Guidance
Xyratex Ltd. (XRTX) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $(0.21)-(0.01) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.20). The company issued revenue guidance of $159-189 million, compared to the consensus revenue estimate of $207.16 million.
Xyratex Ltd. (XRTX) traded up 4.88% on Thursday, hitting $8.17. Xyratex Ltd. (XRTX) has a 52-week low of $6.96 and a 52-week high of $17.96. The stock’s 50-day moving average is currently $9.26. The company has a market cap of $220.8 million and a price-to-earnings ratio of 5.04.
Xyratex last announced its earnings results on Thursday, January 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.07. The company had revenue of $265.40 million for the quarter, compared to the consensus estimate of $255.18 million. During the same quarter in 2012, the company posted $0.73 earnings per share. Xyratex’s revenue was down 31.5% compared to the same quarter last year. Xyratex has set its Q1 guidance at $(0.21)-(0.01) EPS. Analysts expect that Xyratex Ltd. (XRTX) will post $0.78 EPS for the current fiscal year.
Xyratex Ltd. (Xyratex) is a provider of modular enterprise-class data storage subsystems and storage process technology.
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