Xyratex Ltd. (XRTX) reported first quarter non-GAAP net income of $0.40 per share after the bell Thursday, compared to $0.24 per share last year. The consensus estimate was for EPS of $0.26. Second quarter non-GAAP EPS is expected to be between $0.16 and $0.43, compared to the consensus estimate of $0.35.
Xyratex gapped open lower Friday, but traded in a range for the majority of the session. The stock closed down by 1.91 at $15.91 on the highest volume in 5 months. Xyratex pulled back from the highs of the year and set a 2-week low.
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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.