Quantum Corp.: Fiscal 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Quantum Corp. (QMCO) on Wednesday reported a fiscal third-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.
The San Jose, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The computer storage device maker posted revenue of $98 million in the period.
For the current quarter ending in March, Quantum Corp. expects its results to range from a loss of 2 cents per share to earnings of 2 cents per share.
The company said it expects revenue in the range of $95 million to $101 million for the fiscal fourth quarter.
Quantum Corp. shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7, a fall of 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QMCO at https://www.zacks.com/ap/QMCO
