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Quantum Corp.: Fiscal 1Q Earnings Snapshot

August 6, 2019

SAN JOSE, Calif. (AP) _ Quantum Corp. (QMCO) on Tuesday reported a fiscal first-quarter loss of $3.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 11 cents per share.

The computer storage device maker posted revenue of $105.6 million in the period.

For the current quarter ending in October, Quantum Corp. said it expects revenue in the range of $99 million to $105 million.

In the final minutes of trading on Tuesday, the company’s shares hit $3.69. A year ago, they were trading at $1.63.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QMCO at https://www.zacks.com/ap/QMCO

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