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Quantum (QTM -26.2%) gets crushed after preannouncing FQ1 revenue of $141M and EPS of -$0.03 to...
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Tuesday, July 10, 2012, 12:06 PM ETQuantum (QTM -26.2%) gets crushed after preannouncing FQ1 revenue of $141M and EPS of -$0.03 to -$0.04, below a consensus of $155.1M and breakeven. The maker of low-end storage/backup hardware blames soft Euro demand and "challenges closing large deals across all regions in the last few weeks." XRTX -3.7% in sympathy, but other names with heavy enterprise storage exposure don't seem to be affected.
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