Xyratex Ltd (fka XRTX)

[eastunder]

XRTX: Q1 Adj EPS 24c vs 96c EPS -75% Y/Y; Guidance Comments

http://www.knobias.com/story.htm?eid=3.1.c4202bf630d15c709de2471ba44dd13047af5b8079c061448de0b1fae4cbbb38

Thursday , March 31, 2011 16:51ET

QUARTER RESULTS
Xyratex Ltd (XRTX) reported Q1 results ended February 2011. Q1 Revenues were $360.50M; +13.02% vs yr-ago. Q1 EPS was 15c. Adjusted Q1 EPS was 24c; -75.00% vs yr-ago.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $360.50M      $318.97M     +13.02%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 15c           N/A         N/A           N/A         N/A 
 Adj EPS:             24c           96c     -75.00%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ----------

GUIDANCE

Q2-11 Revenue Outlook [$320 - $365M]: XRTX expects Q2 revenue of $320 to $365 million.
Q2-11 Earnings Outlook [(12c) - 6c]: XRTX expects Q2 Adj EPS of $(0.12) to $0.06.