SAN JOSE, Calif. (AP) _ Quantum Corp. (QMCO) on Wednesday reported a loss of $10.7 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 27 cents. Losses, adjusted for non-recurring costs and stock option expense, were 17 cents per share.
The computer storage device maker posted revenue of $73.3 million in the period.
For the current quarter ending in October, Quantum Corp. expects its results to range from a loss of 9 cents per share to a loss of 7 cents per share.
The company said it expects revenue in the range of $81 million to $85 million for the fiscal second quarter.
In the final minutes of trading on Wednesday, the company's shares hit $4.92. A year ago, they were trading at $3.55.