SAN JOSE, Calif. (AP) _ Quantum Corp. (QMCO) on Thursday reported a loss of $10.2 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 13 cents. Losses, adjusted for stock option expense and to extinguish debt, came to 4 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 4 cents per share.
The computer storage device maker posted revenue of $97.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $94.2 million.
For the current quarter ending in October, Quantum Corp. expects its results to range from a loss of 3 cents per share to a loss of 1 cent per share.
The company said it expects revenue in the range of $91 million to $99 million for the fiscal second quarter.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QMCO at https://www.zacks.com/ap/QMCO
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