Fusion-IO Earnings: Here’s Why Investors are Selling Shares Now
Fusion-IO, Inc. (NYSE:FIO) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 18.19%.
Fusion-IO, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Decreased 0.52% to $106.05 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fusion-IO, Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company missed the mean analyst estimate of $-0.03. It missed the average revenue estimate of $110.18 million.
Quoting Management: “Fusion-io pioneered the all flash data center architecture that the industry is now embracing, and we are well positioned to capture a significant share of the opportunity from enterprise to hyperscale over the next few years,” said Shane Robison, Fusion-io chairman and chief executive officer. “To continue to maintain our market leadership, we will increase our focus on our go-to-market strategy, product portfolio and our partnerships as we help customers around the world unlock the business value in real-time information intelligence.”
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