EMC Corp. (EMC) Misses Q1 EPS by 5c

EMC Corp. (NYSE: EMC) reported Q1 EPS of $0.31, $0.05 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.78 billion.

Joe Tucci, EMC Chairman and CEO, said, “We are pleased that we slightly exceeded our first-quarter non-GAAP EPS expectations; however, we fell a bit short on first-quarter storage revenue due to geo-political factors in Russia and China and not executing as crisply as we had expected in the first quarter. That said, we are confident that we will meet our business outlook for the year. Our investments in high-growth areas are bearing fruit, and the scale and strength of our federated businesses continue to provide a steadily increasing number of large, multi-national customers with the capabilities needed to build their digital agendas and undergo massive IT transformations.”

Guidance:

EMC Corp. sees FY2015 EPS of $1.91, versus the consensus of $1.97. The company also sees FY2015 revenue of $25.7 billion, versus the consensus of $25.91 billion.

For earnings history and earnings-related data on EMC Corp. (EMC) click here.

You May Also Be Interested In

• Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
• USCB Financial Holdings, Inc. (USCB) Tops Q1 EPS by 2c
• Gilead Sciences (GILD) Misses Q1 EPS by 288c