Violin Memory Announces First Quarter Fiscal Year 2016 Financial Results

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Violin Memory (VMEM) Posts Q2 adj.-Loss of 22c/Share

June 2, 2015 4:02 PM EDT

Violin Memory (NYSE: VMEM) reported Q1 EPS of ($0.22), $0.02 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $12.1 million versus the consensus estimate of $21.83 million.

Our first quarter results were unsatisfactory as we continued to experience the short-term effects of... More