Shares of solid-state storage maker OCZ Technology Group (OCZ) are down 38 cents, almost 5%, at $7.72 this despite the company this afternoon beating fiscal Q3 revenue expectations and forecasting Q4 above expectations as well.
Revenue in the three months ended in November nearly doubled, year over year, at $103.1 million, yielding EPS of 6 cents.
Analysts on average had been modeling $98.6 million in revenue. Estimates for earnings per share are slightly confusing. FactSet had 5 cents consensus, which would suggest the company beat by a penny, though some other sources have the company merely meeting a six cents consensus.
For the current quarter, the company sees revenue in a range of $105 million to $120 million. That is ahead of the consensus $105 million estimate.
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