Xyratex Group Limited Issues Q3 2012 Guidance In Line With Analysts' Estimates; Declares Quarterly Cash Dividend

Xyratex Group Limited announced that for the third quarter of 2012, it expects revenue to be in the range of $313 million to $373 million and fully diluted earnings per share (EPS) is anticipated to be between $0.31 and $0.69 on a GAAP basis. On a non-GAAP basis, fully diluted earnings per share (EPS) is anticipated to be between $0.39 and $0.77. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $350 million and EPS of $0.47 for the third quarter of 2012. The Company also announced that its Board of Directors has approved a quarterly cash dividend of $0.075 per share, unchanged from the prior quarter. The dividend will be payable on August 1, 2012 to shareholders of record as of the close of business on July 19, 2012. This dividend represents a quarterly payout of approximately $2.0 million in aggregate, or $8.0 million on an annualized basis.