Dot Hill Systems Q2 Adj. Profit Meets Estimate; Issues Q3 Outlook

(RTTNews) - Dot Hill Systems Corp. (HILL) Thursday posted second-quarter net loss of $78 thousand or $0.00 per share, compared to net income of $2.1 million or $0.04 per share in the same period last year.

Adjusted net income for the latest second quarter declined to $1.3 million or $0.02 per share from $3.5 million or $0.06 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues declined to $48.22 million from $50.68 million last year. Analysts expected revenues of $51.46 million.

Looking ahead to the third quarter, the company expects non-GAAP earnings to be between $0.01and $0.06 and non-GAAP revenues to be between $50 and $58 million. Analysts now expect third quarter earnings of $0.06 per share on revenues of $59.49 million.