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Silicon Graphics International Corp Raises Q2 2013 Earnings Guidance; Lowers Q2 2013 Revenue Guidance; Issues Q3, Q4 2013 Revenue Guidance


Tuesday, 15 Jan 2013 07:00am EST 

Silicon Graphics International Corp announced that for second quarter of 2013, on a GAAP basis, it expects net income in the range of breakeven to $1 million, or $0.00 to $0.03 per share, which compares with earlier guidance of a net loss of $(0.22) to $(0.14) per share, on a non-GAAP basis, it expects to report net income in the range of $3-$4 million, or $0.07 to $0.10 per share, which compares with earlier guidance of breakeven to $0.08 per share. The Company expects to report revenue for the second quarter 2013 in the range of $170-$172 million, which compares with earlier guidance of $180 to $195 million. Revenue for the second quarter was less than expected as certain shipments for U.S. government customers pushed into the third quarter, primarily due to uncertainty related to the 'Fiscal Cliff' at year-end. Over the third and fourth quarters of 2013, the Company currently expects to achieve revenue in the range of $400-$420 million, including approximately $50 million related to the previously disclosed low-margin deals (LMD's). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $189 million, net income of $1.5 million and EPS of $0.05 for second quarter of 2013; revenue of $210 million for the third quarter of 2013; revenue of $191 million for the fourth quarter of 2013. 

Company Quote

8.92
0.14 +1.59%
21 Oct 2014