Investors Ride 5 Earnings Rollercoaster Rides
STEC, Inc. (NASDAQ:STEC) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased to $-0.41 in the quarter versus EPS of $-0.17 in the year-earlier quarter. Revenue Decreased 56.37% to $22 million from the year-earlier quarter.
STEC, Inc. reported adjusted EPS loss of $0.41 per share. By that measure, the company beat the mean analyst estimate of $-0.42. It beat the average revenue estimate of $21.97 million.