Fusion-io (NYSE:FIO) reported Q2 results that beat estimates, but also provided sales guidance well under market expectations. For the quarter, the company's revenue came in at $121 million, and net profit on a non-GAAP basis was $13.7 million ($0.13 per diluted share). Those results were $84 million and $5.6 million in the same period a year ago.
The Q2 2013 figures beat average analyst estimates, which predicted top line of $120 million, and an EPS of $0.08.
Fusion-io's guidance, however, fell well short of the market's prognostications, and its own previous estimates. The company now expects revenue of $80 million for the current quarter, and $420 million-$440 million for fiscal 2013. Previously, the company had anticipated a significantly higher rate of growth for the full year, as had analysts, who were assuming a top line of roughly $530 million.
The firm did not provide details on its expectations for future profitability.
Fool contributor Eric Volkman has no position in Fusion-io. The Motley Fool has no position in Fusion-io. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Here's Where State and Local Income Taxes Are Falling in 2018
Are you lucky enough to live where there are lower taxes this year?
Intel Corp.'s Upcoming Core i9-8950HK Processor Looks Incredible
This Fool is impressed.
Twitter, Inc. Earnings: Can It Return to Growth?
Could Twitter finally be profitable on a GAAP basis?