Why Is Quantum (QMCO) Stock Down 32% Today?
QMCOQuantum(QMCO) Investor Place·2024-06-18 20:33

Quantum (NASDAQ:QMCO) stock is down on Tuesday after the digital video storage and management company released its fiscal 2024 earnings report. That report starts with the company’s adjusted earnings per share of -29 cents for the year. That’s down from the adjusted EPS of 3 cents per share reported by the company during fiscal 2023. Adding to that is its revenue of 311.6millionforfiscal2024.Thatsbelowthesingle311.6 million for fiscal 2024. That’s below the single 350 million estimate from Wall Street. It’s also a 26.2% decrease year-over-year from ...