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Quantum Corp (QMCO) Stock Rockets 54% on Stellar Q1 Earnings Beat
['Trader Edge']
MoneyCheck
Quantum Corporation, QMCOYear-to-date, the stock has climbed approximately 86.7%, substantially outpacing the S&P 500’s 13.3% advance during the same timeframe.
On a non-GAAP basis, earnings per share registered at $0.18, demolishing the Zacks consensus forecast that anticipated a $0.17 loss per share.
Additionally, the company produced positive operating cash flow of roughly $0.9 million.
Regional performance showed Americas revenue increasing more than 20% from the previous quarter, while APAC revenue surged over 50%.
Non-GAAP adjusted operating expenses are anticipated at around $27 million, with projected adjusted EPS of $0.12 per share and adjusted EBITDA of $6 million.