Fusion-io Slips To Loss In Q1 - Quick Facts

(RTTNews) - Fusion-io Inc. (FIO) reported a first-quarter net loss of $27.9 million, or $0.28 per share, compared to net income of $3.9 million, or $0.04 per share, last year. Adjusted net loss was $6.7 million, or $0.07 per share, for the quarter.

On average, 25 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $86.3 million from $118.1 million, last year. Analysts expected revenue of $84.73 million for the quarter.

For the second-quarter, the company expects its revenue to be up slightly sequentially.