Fusion-IO Earnings: Everything You Must Know Now

Fusion-IO, Inc. (NYSE:FIO) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Fusion-IO, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Decreased 6.94% to $87.7 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 beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $80.48 million.

Quoting Management: “We are pleased by our traction this quarter, driven by strength in our core business as well as our healthy pipeline of new hyperscale customers,” said David Flynn, Fusion-io chairman and chief executive officer. “With the acquisition of NexGen Storage, Fusion-io is aggressively expanding into the small to medium enterprise market with a hybrid solution that cost-effectively achieves the performance of an all-flash array. NexGen’s hybrid storage system creates growth opportunity in an important market segment and strongly complements our portfolio of software defined, open systems.”

Key Stats (on next page)…

Revenue decreased 27.26% from $120.57 million in the previous quarter. EPS decreased to $-0.03 in the quarter versus EPS of $0.13 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.11 to a loss $0.01. For the current year, the average estimate has moved down from a profit of $0.41 to a profit of $0.18 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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