* Q3 adj EPS $1.20 vs est $1
* Q3 rev $430.2 mln vs est $408 mln
* Sees Q4 EPS $0.60-$0.86/shr; rev $395-$445 mln
* Shares down 5 pct
Sept 29 Data storage technology provider
Xyratex Ltd XRTX.O posted better-than-expected quarterly
results, helped by higher revenue from its network storage
segment, but forecast lower-end of its fourth-quarter EPS below
Shares of the company fell 5 percent to $16.41 in trading
after the bell.
Xyratex, which manufactures disk-storage equipment used in
data centers, said it expects to earn 60-86 cents a share
excluding items, in the current quarter.
The company forecast fourth-quarter revenue between
Analysts on average were looking for earnings of 86 cents a
share on revenue of $409.99 million for the fourth quarter,
according to Thomson Reuters I/B/E/S.
Third-quarter revenue rose to $430.2 million from $246.3
million last year as its network storage solutions product
sales rose 52 percent. Network Storage accounted for almost 74
percent of the company's quarterly revenue.
During the third quarter, the company earned $37.2 million,
or $1.19 per share, compared with $7.8 million, or 26 cents a
share, in the year-ago period.
Excluding items, Xyratex earned $1.20 per share during the
Analysts were expecting earnings of $1.00 a share on $408
million in revenue.
Shares of the company, which have gained almost 29 percent
since the beginning of the year, were down 5 percent at $16.45
in trading after the bell. They closed at $17.35 on Wednesday.
(Reporting by Himank Sharma in Bangalore)