Tuesday, June 16, 2009

STEC Ups Estimates

Santa Ana-based STEC, a manufacturer of solid state disk drives, said Tuesday that the firm is boosting its estimates for the quarter, as a result of an increase in sales of its ZeusIOPS SSD line. The firm said it is now expecting revenues of $82M to $84M for the quarter, up from previous estimates of $68M to $70M. The company did not explain the reason for the increase in its business. The firm now pegs its Non-GAAP diluted earnings per share in the range of $0.32 to $0.36, up from a range of $0.20 to $0.22.