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Xyratex Ltd. (XRTX) Is Falling After Q1 Report

3/29/2012 4:47 PM ET

Xyratex Ltd. (XRTX: Quote) reported first quarter non-GAAP net income of $0.40 per share after the bell Thursday, compared to $0.24 per share last year. The consensus estimate was for EPS of $0.26. Second quarter non-GAAP EPS is expected to be between $0.16 and $0.43, compared to the consensus estimate of $0.35. The stock is now down 2.07 on 33K shares.

Xyratex climbed for the bulk of the afternoon Thursday and closed up by 0.40 at $17.82, with volume at a 5-month high. The stock broke out of a 2-month range and set a new high for the year.

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by RTT Staff Writer

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