Tech company
Xyratex (NASDAQ: XRTX) is scheduled to report its fiscal third-quarter 2011 results later today, September 29. The British data storage company posted an unexpected loss in the second quarter due to sinking revenues as companies put off capital investments due to uncertainty in the industry. Short interest is currently about 6% of the float.Analysts on average predict that Xyratex will report earnings of $0.18 per share, a significant drop from $1.20 in the same period of last year. That EPS estimate is unchanged from 60 days ago. And note that per-share earnings have fallen short of consensus estimates in two of the past six quarters.The forecast also calls for the company to post revenues of $351.2 million, which would be 18.4% lower than a year ago. Looking ahead to the current quarter, analysts so far are looking for a narrower 2.8% year-over-year decline in revenues. And the forecast for the full year so far calls for revenues down 10.1% year over year and per-share earnings nearly 80% lower.The CompanyHavant, UK-based Xyratex provides modular enterprise-class data storage solutions and storage process technology, and it designs and manufactures enabling technology ...
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