SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Quantum Corp. (QMCO) on Tuesday reported a loss of $20.8 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 22 cents. Losses, adjusted for non-recurring costs and restructuring costs, were 9 cents per share.
The computer storage device maker posted revenue of $71.3 million in the period.
For the current quarter ending in September, Quantum Corp. expects its results to range from a loss of 8 cents per share to a loss of 4 cents per share.
The company said it expects revenue in the range of $71 million to $75 million for the fiscal second quarter.
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