Quantum Sees 1Q Adj. EPS $(0.00) to plus or minus $0.02 vs $0.00 Est., Revenues $97M, plus or minus $3M vs $102.17M Est.
Portfolio Pulse from Benzinga Newsdesk
Quantum Corp. reports 1Q adjusted EPS of $(0.00) to plus or minus $0.02, below the $0.00 estimate, and revenues of $97M, plus or minus $3M, lower than the $102.17M estimate. For FY24, the company forecasts revenues of $415M, plus or minus $10M, and non-GAAP adjusted EPS of $0.01, plus or minus $0.10.
June 06, 2023 | 12:27 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Quantum Corp. reported lower-than-expected 1Q results and FY24 forecasts, which may negatively impact the stock price in the short term.
Quantum Corp.'s 1Q adjusted EPS and revenues are below estimates, and the company's FY24 forecasts are also lower than expected. This may lead to a negative sentiment among investors, causing the stock price to decline in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100