U.K.-based Xyratex (XRTX +1.1%) reverses early losses and trades higher after beating reduced Q4...

|About: Xyratex Ltd. (XRTX)|By:, SA News Editor

U.K.-based Xyratex (XRTX +1.1%) reverses early losses and trades higher after beating reduced Q4 Street estimates, despite a 43% Y/Y drop in earnings. Lower storage infrastructure sales weighed on results, as the company continues to struggle with weak demand.