Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

More on Fusion-io: The company expects FQ3 revenue $80M and an operating loss of $10M-$15, much...

  • Wednesday, January 30, 4:45 PM ET
    More on Fusion-io: The company expects FQ3 revenue $80M and an operating loss of $10M-$15, much worse than a consensus for sales of $137.2M and EPS of $0.09. Gross margin is expected to drop to 58%-60% from FQ2's 61.9%. FY13 revenue is expected to total $420M-$460M, below a $530.1M consensus. FY13 op. margin now pegged at 6%-8% vs. prior guidance of 12%. CFO Dennis Wolf says there has been a "two-quarter shift" in the timing of purchases from Facebook and Apple. FIO -19.4% AH. CC at 5PM ET (webcast). (PR)
Track new comments on this story

This news story has 3 comments:

  •  
    All I can say is holy crap. These kinds of gyrations are mind numbing.
    30 Jan, 04:55 PM Reply Like
  •  
    Bad, bad, bad. All I can say is this company is now ripe for a takeover. The best thing HP could do is offer a nice premium to the soon to be depressed FIO price and buy FIO. Great product and good IP could be a huge boost to HP and at a fraction of a cost as that terrible Autonomy acquisition.

    Glad I lightened up on my FIO position last year but love the company.
    30 Jan, 05:11 PM Reply Like
  •  
    Setting the bar low. Why Raise Guidance? The chief scientist is also Apple Co-founder (Apple has always set the bar low for earnings in the past)...Great entry point for long position. I won't be surprised if this stock does shoot to the upside very soon.
    30 Jan, 07:17 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »