Xyratex Ltd. (XRTX) reported fourth-quarter net income of $1.55 million compared to a net loss of $55.75 million last year. Earnings per share was $0.05 compared to a loss of $1.92 per share prior year.
Non-GAAP earnings per share increased to $0.26 from $0.02 last year. Non-GAAP net income was $7.89 million compared to $447 thousand last year. On average, 5 analysts polled by Thomson Reuters expected the company to report profit of $0.38 per share for the quarter. Analysts' estimates typically exclude special items. Total revenue decreased to $242.97 million from $285.43 million last year. Analysts expected revenue of $262.82 million for the quarter. Fiscal 2009 net loss narrowed to $16.41 million or $0.56 per share from $47.91 million or $1.64 per share prior year. Total revenue decreased to $867.89 million from $1.05 billion prior year.
Non-GAAP net income for fiscal 2009 decreased to $1.5 million or $0.05 per share from $16.2 million or $0.54 per share for fiscal 2008.
The company expects first-quarter revenue to be in the range $245 million-$285 million. Earnings per share is anticipated to be between $0.24 and $0.52 on a GAAP basis. On a non-GAAP basis, earnings per share is anticipated to be between $0.32 and $0.60.
For comments and feedback contact: editorial@rttnews.com
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.