Xyratex Ltd. (XRTX) reported third quarter non-GAAP net income of $0.37 per share after the bell Tuesday, down from $0.42 per share in the prior year period. The consensus estimate was for EPS of $0.44. The company expects to report a fourth quarter non-GAAP loss of $0.15 to $0.43. The consensus estimate is for a profit of $0.49. The stock is now down 1.47 on 27K shares.
Xyratex dropped sharply around midday Tuesday and finished down by 0.49 at $8.70 on above average volume. The stock has been declining for the past 5 weeks and set a new low for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.