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Los Angelas, CA -- (SBWIRE) -- 10/25/2012 -- Quantum Corp. (NYSE: QTM), a proven global expert in data protection and big data management, today reported results for the second quarter of fiscal 2013 (FQ2'13), ended Sept. 30, 2012. Revenue for the quarter totaled $147 million, down 11 percent from the second quarter of fiscal 2012 (FQ2'12) primarily due to lower-than-expected OEM and branded tape automation revenue. However, total revenue was up $6 million, or 5 percent, sequentially. In addition, Quantum reported record revenue of $42 million from disk system and software sales (including related service), which increased 18 percent from FQ2'12 and 38 percent sequentially. Both DXi® and StorNext® revenues were also the highest they have ever been for a quarter, growing 14 percent and 27 percent, respectively, over FQ2'12. Quantum reported a GAAP net loss of $12 million, or 5 cents per share, for FQ2'13, compared to GAAP net income of $4 million in FQ2'12. On a non-GAAP basis, the company had a net loss of $5 million, or 2 cents per share, down from net income of $14 million in the same quarter last year. The year-over-year declines were largely driven by the lower overall revenue.
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ServiceNow Inc (NYSE:NOW) reported a net loss for the third quarter of $13.1 million or $0.11 per share, compared to net income of $0.1 million or net income of $0.00 per share for the year-ago quarter. Excluding items, adjusted net loss for the third quarter was $7.1 million or $0.06 per share, compared to adjusted net income of $1.7 million or $0.05 per share in the prior year quarter. Revenues for the third quarter jumped 88% to $64.35 million from $34.20 million a year ago. Analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share on revenue of $62.12 million for the third quarter. Analysts' estimates typically exclude special items. Looking forward to the fourth quarter, the company forecast revenues of $69 million to $71 million and a loss of $0.05 to $0.06 share. Analysts currently expect the company to report a loss of $0.08 per share on revenue of $69.25 million for the fourth quarter. The company raised its full year 2012 revenue guidance to a range of $237.5 million to $239.5 million from its prior guidance of $233 million to $237 million. Analysts currently expect the company to post revenue of $235.33 million for the full year 2012.
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Corelogic Inc (NYSE:CLGX), a provider of residential property information, analytics and services, Wednesday reported a profit for the third quarter, compared to a loss last year, amid significant growth in revenues. Further, citing strong operating performance and improving outlook for the housing market, CoreLogic lifted its outlook for the year. The stock rose over 9 percent in extended trading. Net income attributable to CoreLogic was $38.32 million or $0.37 per share, compared to a net loss of $107.19 million or $1.01 per share reported last year. Adjusted net income attributable to the company was $46.4 million or $0.45 per share, while it totaled $25.2 million or $0.24 per share in the year-ago period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items. Operating revenues climbed 17.6 percent to $409.76 million from $348.45 million in the prior year. Analysts expected revenues of $379.09 million for the quarter. The company attributed the revenue increase to strong growth in Mortgage Origination Services and higher residential property data and analytics sales.
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Silicon Motion Technology (NASDAQ: SIMO). Founded in San Jose in 1995 but currently headquartered in Taiwan, Silicon Motion Technology is a fabless semiconductor company that designs, develops and markets high performance, low-power semiconductor solutions for multimedia consumer electronics applications. On Wednesday, Silicon Motion Technology rose 1.17% to $14.65 (SIMO has a 52 week trading range of $11.32 to $24.98 a share) for a market cap of $474.48 million but the stock is sinking more than 11% in pre-market trading (SIMO is also down 28.5% since the start of the year and down 30.2% over the past five years). Silicon Motion Technology has just beaten Wall Street estimates by reporting that net sales increased 11% sequentially to $77.1 million and GAAP net income increased from $10.7 million to $15.6 million sequentially. However, Silicon Motion Technology also noted that it will miss this quarter’s estimates because sales from this quarter were pulled into the last quarter. Nevertheless, New Growth Product revenue was driven by strong sales to Samsung in support of its ramp up of the Galaxy SIII LTE Smartphones with the company expected to benefit from the growing number of LTE-enabled Smartphones.
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