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Dot Hill Systems Corp Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Raises FY 2013 Guidance

Friday, 8 Nov 2013 09:00am EST 

Dot Hill Systems Corp announced that for the fourth quarter of 2013, it expects non-GAAP net revenue to be in the range of $53-$58 million and non-GAAP earnings per share (EPS) in the range of $0.03-$0.06 per share. For fiscal 2013, it expects non-GAAP net revenue to range between $202-$207 million. The Company reiterated fiscal 2013 gross margin guidance of between 32% and 33% and lowered operating expense guidance to $57.5-$58 million. The net result of these revised estimates is an increase in fully diluted non-GAAP EPS guidance of between $0.14-$0.17 as compared to the August 2013 projection of $0.10-$0.16. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $62 million; EPS of $0.06 for the fourth quarter of 2013 and EPS of $0.14 for fiscal 2013. 

Company Quote

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17 Apr 2014