Silicon Graphics International (SGI) reported third quarter adjusted EPS of $0.11 after the bell Wednesday, compared to $0.07 in the prior year period. The consensus estimate was for a loss of $0.03. The company expects to report a fourth quarter adjusted EPS loss of $0.52 to $0.37 and between $0.30 and $0.15 for the full year. The consensus estimates are for EPS of $0.16 and $0.24.
Silicon Graphics International gapped open lower Thursday and declined for the bulk of the session. Shares finished down by 2.92 at $6.17, with volume at a 3-month high. The stock sank beneath support and set a new low for the year.
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