Quantum Sees Q2 Adj. EPS $(0.06) +/- $0.02 Vs $(0.03) Est.; Revenue $73M +/- $2M Vs $74.2M Est.
Portfolio Pulse from Benzinga Newsdesk
Quantum Corporation reported its Q2 fiscal 2025 guidance, expecting revenues of $73 million +/- $2 million and a non-GAAP adjusted net loss per share of $(0.06) +/- $0.02, which is below analyst estimates. The company also anticipates adjusted EBITDA to be approximately breakeven.
August 13, 2024 | 8:22 pm
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Quantum Corporation's Q2 fiscal 2025 guidance indicates lower-than-expected revenues and a higher net loss per share compared to analyst estimates. The company expects revenues of $73 million +/- $2 million and a non-GAAP adjusted net loss per share of $(0.06) +/- $0.02, with adjusted EBITDA approximately breakeven.
The guidance provided by Quantum Corporation for Q2 fiscal 2025 shows lower-than-expected revenues and a higher net loss per share compared to analyst estimates. This is likely to negatively impact the stock price in the short term as investors react to the weaker-than-expected financial outlook.
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