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.
Xyratex gapped open lower Wednesday and declined during the first hour of trade. The stock ended the session lower by 1.45 at $7.25, with volume at over a 3-month high. Xyratex sank to its second consecutive new low for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.