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Xyratex Ltd. (XRTX) Is Down Following Q4 Report

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.

by RTTNews Staff Writer

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