* Q4 adj. EPS $0.69 vs est. $0.74
* Q4 rev $396.8 million, lags Street
* Sees Q1 adj. EPS $0.12-$0.40 vs est. $0.44
* Sees Q1 rev $355-$405 mln vs est $367.4 mln
* Shares down 10 percent after-mkt
Jan 6 Data storage technology provider Xyratex
Ltd XRTX.O posted weaker-than-expected quarterly results,
hurt by softening demand, and forecast first-quarter profit
below Street, sending its shares down 10 percent after market.
For the first quarter, the company sees adjusted earnings
of 12-40 cents a share on revenue of $355-$405 million.
Analysts on average were expecting the company to post
earnings of 44 cents a share, excluding items, on revenue of
$367.4 million, according to Thomson Reuters I/B/E/S.
Xyratex, which competes with Dot Hill Systems Corp HILL.O
and LSI Corp (LSI.N) in the data storage devices industry,
operates in the networked storage solutions and storage
The company earned $32.2 million, or $1.02 a share, for the
fourth quarter ended Nov. 30, from $1.6 million, or 5 cents a
share, a year ago.
Excluding items, it earned 69 cents a share.
Revenue for Xyratex, whose end customers include Dell
DELL.O, NetApp (NTAP.O) and IBM (IBM.N), came in at $396.8
Shares of the Havant, United Kingdom-based company, which
have gained more than a third in value over the last six
months, were down $1.72 at $15.40 in extended trade.
(Reporting by Siddharth Cavale in Bangalore; Editing by