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Quantum Corp (QMCO) Stock Surges 54% After Crushing Q1 Earnings Estimates

By Trader Edge at 2026-10-03 20:23

Sentiment: Negative

TLDR QMCO beat Q1 EPS estimates with $0.18 per share vs. a consensus loss of $0.17, a +205.88% earnings surprise Revenue hit $80.8 million, topping estimates by 7.74% and up 26% year-over-year from $64.29 million Supply chain constraints on tape drives are limiting revenue upside despite strong customer demand Quantum is now debt-free, cash flow [...] The post Quantum Corp (QMCO) Stock Surges 54% After Crushing Q1 Earnings Estimates appeared first on CoinCentral. Continue reading...

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