Wall Street Watch: Tech Bellwether Xyratex Sounds a Warning
Filed under: Earnings, Market News
Earnings season has yet to get started, but the disappointments are already trickling in. Xyratex (XRTX) is taking a hit after coming up short in its latest quarter and warning of near-term weakness.
Xyratex is a provider of enterprise data storage systems, making it a bellwether for corporate tech spending.
Its latest quarter was bad enough. Analysts were expecting an adjusted profit of $0.44 a share, just ahead of the $0.42 a share it posted a year earlier. Xyratex checked in on Tuesday…
Wall Street Watch: Tech Bellwether Xyratex Sounds a Warning originally appeared on DailyFinance.com on 2012-10-03T06:00:00Z.
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