Earnings came in at $0.09 EPS and its revenue was up to $106.6 million. We were looking for estimates of only $97 million or so on earnings of almost $0.04 per share. Fusion-io now sees revenues increasing modestly on a sequential basis, and that would put it ahead of the $104 million expected. As far as all of 2012, the new target is revenue growth of 45% to 50% versus something under 40%.
What is interesting is that this is a company tied to Steve Wozniak and shares had been cut in half. Shares were down 2% at $21.02 in regular trading and the 52-week range is $14.90 to $41.74. The after-hours session has shares up over 22% at $25.75 so far and the pre-news consensus price target from analysts was $29.46 before the effects of this news.
This is the biggest winner we see so far in Thursday’s after-hours trading session.
JON C. OGG
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