Quantum Corp. posts 3Q profit
Quantum Corp. posts 3rd-quarter profit of $5 million
SAN JOSE, Calif. (AP) _ Quantum Corp. (QTM) on Wednesday reported fiscal third-quarter net income of $5 million, after reporting a loss in the same period a year earlier.
The San Jose, California-based company said it had net income of 2 cents per share.
The computer storage device maker posted revenue of $133.5 million in the period.
For the current quarter ending in March, Quantum Corp. said it expects revenue in the range of $120 million to $125 million.
The company expects full-year earnings in the range of 4 cents to 5 cents per share, with revenue ranging from $505 million to $510 million.
In the final minutes of trading on Wednesday, the company's shares hit 94 cents. A year ago, they were trading at 69 cents.
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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 QTM at https://www.zacks.com/ap/QTM
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Keywords: Quantum Corp., Earnings Report
