FIO: Why Fusion-io Stock Is Tumbling Today

FIO stock is down about 10% Thursday

   

FIO: Why Fusion-io Stock Is Tumbling Today

Fusion-io (FIO) saw its stock tumble on Thursday following the company’s quarterly earnings report.

fusion  FIO: Why Fusion io Stock Is Tumbling TodayThe computer hardware company had a rough third quarter, posting a net income loss of -$10.5 million, or -10 cents per share. Fusion-io’s numbers just missed analysts’ estimates by 1 cent.

The company’s quarterly revenue of $100.5 million were in line with analysts’ estimates. Fusion-io’s third quarter revenue was 14.5% higher than the company’s quarterly report a year ago.

FIO stock was hit hard today with shares down an astonishing 10.12% Thursday afternoon. Fusion-io’s stock had been doing well today with shares up 8.64% YTD before today.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/fio-fusion-io/.

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