STEC (STEC) this afternoon posted better-than-expected Q3 results.
The solid-state drive company posted revenues of $86.1 million and non-GAAP profits of 31 cents a share, ahead of the Street consensus at $79.4 million and 20 cents. Revenue was down 12.4% from a year ago, but up 40.5% from Q2.
Guidance had been for revenue of $78 million to $80 million and non-GAAP profits of 18-20 cents a share.
For Q4, STEC sees revenue of $88 million to $90 million, with non-GAAP profits of 31-33 cents a share; the Street has been expecting $88.5 million and 25 cents.