Quantum Corp. (QTM) Reports Q1 Loss of 6c/sh, Offers Guidance

Quantum Corp. (NYSE: QTM) reported Q4 EPS of ($0.06), may not compare to the analyst estimate of ($0.01). Revenue for the quarter came in at $128 million versus the consensus estimate of $127.5 million.

Fiscal Year 2015 Outlook For the fiscal first quarter, Quantum expects:

• Revenue of approximately $125 million to $130 million. (Street sees $127.43M)
• GAAP gross margin of 43.3 to 44.3 percent and non-GAAP gross margin of 44 to 45 percent.
• GAAP operating expenses of approximately $59 million and non-GAAP operating expenses of approximately $54 million.
• Interest expense of $2.5 million and taxes of $500,000.

For the full fiscal year, Quantum expects:

• Revenue of approximately $540 million to $550 million.
• GAAP gross margin of 44.6 to 45.6 percent and non-GAAP gross margin of 45 to 46 percent.
• GAAP operating expenses of $227 million to $232 million and non-GAAP operating expenses of $215 million to $220 million.
• Interest expense of $10 million and taxes of $2 million.

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

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