STEC Earnings: Here’s Why the Stock is Down Now

STEC, Inc. (NASDAQ:STEC) had a loss and missed 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 0.05%.

STEC, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.43 in the quarter versus EPS of $-0.27 in the year-earlier quarter.

Revenue: Decreased 42.4% to $23.45 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: STEC, Inc. reported adjusted EPS loss of $0.43 per share. By that measure, the company missed the mean analyst estimate of $-0.42. It missed the average revenue estimate of $24.28 million.

Key Stats (on next page)…

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