January 31, 2013 at 10:36 AM EST
Fusion-io Inc. (FIO) skids on downbeat revenue forecast
Normal 0 false false false MicrosoftInternetExplorer4 Fusion-io Inc. (NYSE: FIO) shares tumbled 16.1% to $16.85. The data-storage provider reported results the prior day, saying it swung to a fiscal second-quarter profit, but was downbeat on revenue looking ahead. Sterne Agee analysts, in a note dated Jan. 30, cut their price target on Fusion-io to $27 from $29. Share volume was 1.2 million, compared to an all-day average of 451,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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