Quantum Corp. (QTM) Misses Q2 EPS by 2c
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Quantum Corporation Reports Fiscal Second Quarter 2016 Results
October 29, 2015 4:32 PM EDTSAN JOSE, Calif., Oct. 29, 2015 /PRNewswire/ --Â Quantum Corp. (NYSE: QTM) today reported results for the fiscal second quarter 2016 ended Sept. 30, 2015. Total revenue was $117.0 million, in line with the preliminary results the company announced earlier this month. Quantum ended the quarter with $7.8 million of backlog sales orders, significantly higher than its typical quarterly backlog of approximately $1 million. The large backlog was due to an unusually high number of customers placing orders on the last day of the quarter, the magnitude of many of the orders and a shortage of parts available from... More
