STEC (STEC) Raises Q2 Sales, EPS Outlook
More News related to STEC
- Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased STEC, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses
- The Brualdi Law Firm, P.C. Announces Investigation on Behalf of Shareholders of STEC, Inc. for Potential Violations of Federal Securities Laws
- Kendall Law Group Investigating STEC, Inc. for Shareholders
- Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of STEC, Inc.
- Investor Notice: Investigation on Behalf of Investors in STEC, Inc. Announced by Former Attorney General of Louisiana and KSF Law Firm
STEC Inc. (Nasdaq: STEC) raises its Q2 non-GAAP EPS guidance from $0.20-$0.22 to $0.32-$0.36. The Street is currently looking for Q2 adj-EPS of $0.21. Sales for the quarter move from $68-$70 million to $82-$84 million, which compares to the analyst consensus estimate of $69.05 million.
The increased Non-GAAP diluted earnings per share and revenue guidance are primarily the result of increases in the Company's ZeusIOPS sales which now are estimated to exceed $55 million during the second quarter of 2009.
The Company had previously estimated revenue from ZeusIOPS SSDs to surpass $65 million during the first half of 2009. With this increase in revenue, the Company now expects ZeusIOPS SSD sales to exceed $80 million during the first half of 2009.
Related Categories
GuidanceHot List
Stocks Mentioned
-1.29Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
