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JAN 31, 2013 - MarketWatch

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Fusion-io shares fall 13%; order delays are blamed

SAN FRANCISCO (MarketWatch) -- Fusion-io Inc. shares fell more than 13% Thursday to $17.48 after the memory-technology company cut its fiscal-third quarter and full year revenue estimates. Fusion cited delays in orders from Apple Inc. and Facebook Inc. as the main reasons for its new outlook. Fusion now expects to report third-quarter revenue of $80 million, while analysts surveyed by FactSet had forecast sales of $137.1 million. For its entire fiscal year, Fusion estimates it will report sales between $420 million and $440 million, down from an earlier forecast of $521 million to $539 ... Read More

Tags: Fusion-io shares fall 13%; order delays are blamed,  Apple Inc. Latest News