Xyratex Reports Better-Than-Expected Preliminary FQ3 Revenues (XRTX)
Thu. September 10, 2009; Posted: 10:58 AM
Sep 10, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 9/10/2009-Xyratex (NASDAQ:XRTX) announced preliminary quarterly results Thursday. The company said it expects fiscal Q3 2009 revenues of $247.00 million, vs. consensus estimates of $214.34 million. "The third quarter benefited from better than expected sales across our product and customer portfolio, indicating improvements in the overall economy and the relative strength of the storage industry," said Steve Barber, CEO of Xyratex. "Additionally, I was pleased with our execution in reducing costs while at the same time meeting the demand requirements of our customers."
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