Xyratex (XRTX) -25.4% AH after warning it expects FQ3 revenue of $271M-$276M, well below a...

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

Xyratex (XRTX) -25.4% AH after warning it expects FQ3 revenue of $271M-$276M, well below a guidance range of $313M-$373M and a consensus of $344.6M. The company blames lower demand from enterprise storage OEM customers, as well as delayed sales for hard drive manufacturing and high-performance computing storage gear due to a failure to meet technical requirements. OEM customer NetApp (NTAP) is down 2.6% AH. STX -1.2%. WDC -1.1%.