Xyratex Ltd. (XRTX) reported a fourth quarter non-GAAP loss of $0.24 per share after the bell Thursday, compared to net income of $0.73 per share last year. Revenues came in at $265.4 million, a decrease of 31.5% from the $387.6 million reported a year ago. The consensus estimates were for a loss of $0.32 and revenues of $255.18 million. The company expects to report a first quarter non-GAAP loss of $0.21 to $0.01. The consensus estimate is for a loss of $0.23. The stock is now down 0.44 on 15K shares.
Xyratex climbed for the bulk of the afternoon Thursday and finished up by 0.38 at $8.17. The stock rebounded from a 2-week decline.
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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.