* Sees FY12 rev $310-$345 mln
* Q1 adj EPS $0.01 vs est net detriment $0.01/shr
* Q1 rev adult 115 pct to $73.8 mln
Jul 6 (Reuters) – Computer memory and storage hardware
maker OCZ Technology Group posted a surprise
first-quarter distinction and pronounced it sees full-year income rising
at slightest 65 percent.
Shares of a San Jose, California-based association rose nearly
11 percent to $9.25 in trade after a bell on Wednesday.
OCZ, that creates plain state tough drives (SSD) for
computers, pronounced it expects 2012 income of $310-$345 million, up
from a $190 million it posted final year. It upped its
long-term sum domain expectations to 30-40 percent.
Analysts, on average, were awaiting 2012 income of $310
million, according to Thomson Reuters I/B/E/S.
For a May quarter, net detriment was $9.1 million, or 20 cents
per share, compared with $4.8 million, or 19 cents apiece, a
year ago. Adjusted net income was 1 cent per share, down from
the 11 cents per share it posted a year earlier.
Revenue some-more than doubled to $73.8 million.
Analysts approaching a detriment of 1 cent per share on income of
$69.4 million.
OCZ attributed a arise in income to a fivefold increase
in a core SSD shred sales to $69.1 million.
Shares of a association sealed during $8.34 on Wednesday.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by
Joyjeet Das)
Article source: http://www.reuters.com/article/2011/07/06/ocztechnology-idUSL3E7I62TE20110706
