Strong stocks

XRTX:...

Xyratex (XRTX) shares are on the rise after hours on stronger-than-expected results for the storage subsystems provider’s fiscal first quarter ended February 28.

For the quarter, the company reported revenue of $319 million and non-GAAP profits of 96 cents a share; the Street had been projecting $309.7 million and 78 cents.

Even more impressive was the guidance for the May quarter: XRTX sees revenue of $400 million to $460 million and non-GAAP EPS of $1.10 to $1.63; the Street has been forecasting $329.9 million and 76 cents.
 
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