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Silicon Graphics International Corp Issues Q1 2014 Guidance Below Analysts' Estimates

Wednesday, 7 Aug 2013 04:01pm EDT 

Silicon Graphics International Corp announced that for first quarter of 2014, it expects revenue to be $160 million to $170 million. GAAP net loss per diluted share to be $(0.14) to $(0.07) and is expected to reflect approximately $7 million of total adjustments, including restructuring and severance charges, stock-based compensation expense, and intangibles amortization. Non-GAAP net income per diluted share (EPS) is expected to be $0.07 to $0.14 and is expected to exclude the $7 million of total adjustments mentioned above. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $182 million and EPS of $0.18 for first quarter of 2014. 

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