Silicon Graphics International Corp(NASDAQ:SGI) reported a loss for its first quarter that was smaller than expected, sending its shares up more than 7.50 percent in Wednesday’s session.
The company also said that it was expecting a profit in the current quarter, whereas analysts were expecting a loss.
Revenue in the three months ended in September rose 8%, year over year, to $192.8 million, yielding a net loss of 10 cents a share.
Analysts had been estimating $184 million and a 19-cent loss.
SGI chief executive Jorge Titinger said the results were solid and that it was on track to report a small profit in the current quarter despite the challenging macroeconomic conditions.
For the current quarter, the company projected revenues of $180 million to $195 million, and adjusted profit of breakeven to 8 cents a share.
That revenue is below the average $197 million in revenue the Street has den projecting, while the profit outlook is better than the average estimate for a 10-cent loss.
Meanwhile LivePerson, Inc.(NASDAQ:LPSN), a software vendor firm, on Tuesday said it earned 8 cents a share on revenues of $39.7 million.
While the profit was in line with analyst estimations, revenues were below what the analysts had expected at $41.09 million.
Its chief executive Robert LoCascio commenting on the results said that the quarter was strong. He added that the company had signed deals worth more than $8 million.
For the current quarter, the company sees revenue in a range of $41.5 million to $42 million, and EPS in a range of 7 cents to 9 cents. That is below the consensus for $44.7 million and 10 cents a share.