Quantum (QTM -26.2%) gets crushed after preannouncing FQ1 revenue of $141M and EPS of -$0.03 to...

|About: Quantum Corporation (QTM)|By:, SA News Editor

Quantum (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.