Xyratex Ltd. (XRTX) reported fourth quarter EPS of $0.26 after the bell Tuesday, which fell short of the consensus estimate of $0.38. The company expects to report first quarter EPS of $0.32 to $0.60, which is above the consensus estimate of $0.10.
Xyratex Ltd. traded to the upside for the bulk of Wednesday's session and finished higher by $1.79 at $17.04 on the highest volume in over 3 months. The stock has been rising for nearly a week and broke out to a new high for the year.
For comments and feedback: editorial@rttnews.com