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.
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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.