SAN JOSE, Calif. (AP) _ Quantum Corp. (QMCO) on Wednesday reported fiscal third-quarter net income of $4.7 million, after reporting a loss in the same period a year earlier.
The San Jose, California-based company said it had profit of 10 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 16 cents per share.
The computer storage device maker posted revenue of $103.3 million in the period.
For the current quarter ending in March, Quantum Corp. said it expects revenue in the range of $90 million to $100 million.
The company expects full-year revenue in the range of $405 million to $415 million.
Quantum Corp. shares have increased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.35, more than tripling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QMCO at https://www.zacks.com/ap/QMCO
Automated Insights, source Associated Press News